HSI1 26,705.94 +138.82 85.00B
HSCEI1 9,070.32 +37.61 27.45B
Back    Zoom +    Zoom - Block Traded
CLSA Slashes XPENG-W's TP to HKD77 as Rising Costs Delay Breakeven
2026-02-16 14:22:41
XPENG-W (09868.HK)'s "dual-power strategy" may aid its penetration into northern Chinese cities, according to a CLSA research report.

Despite weak domestic automotive demand in 2026, CLSA estimates XPENG-W's vehicle sales to remain resilient, reaching 471,000 units with a 10% YoY growth.

However, XPENG-W's progress towards breakeven will be slowed by rising industry raw material costs and additional R&D expenses on AI in 2026.

In light of sales pressure, CLSA has trimmed XPENG-W's target price from HKD106 to HKD77 but kept the Outperform rating unchanged.
~



AAStocks Financial News
Web Site: www.aastocks.com