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<Research>Nomura Expects XPeng (XPEV.US) to Turnaround in 4Q w/ New Model Launches Next Yr Poised to Drive Further Growth
Recommend 6 Positive 10 Negative 2 |
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XPENG-W (09868.HK)'s 3Q25 results were in line with expectations, with revenue reaching RMB20.4 billion, in line with guidance, Nomura released a research report saying. Quarterly deliveries amounted to 116,000 units, at the median of its prior guidance. Looking ahead to 2026, the Company is expected to enter a new ‘one vehicle dual energy’ cycle. Aside from launching three new extended-range EV models in 1Q26, plans are in place to introduce four further new models throughout the remainder of the year, encompassing both BEV and extended-range EV variants. This is anticipated to drive further growth. XPENG-W planned to explore the field of physical AI in the long term, including new businesses such as humanoid robots and flying cars. Nomura believed that the potential turnaround in 4Q25 could strengthen its financial fundamentals. Therefore, the broker kept rating at Buy and a target price of US$30 for XPENG-W's US stock. AAStocks Financial News Website: www.aastocks.com |
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