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CICC Keeps Outperform on XPENG-W, Reduces TP to HKD90
2026-03-12 10:40:28
XPENG-W (09868.HK) has been adjusting its organizational structure since 2023 and is experiencing a strong product cycle based on models like MONA, according to a report from CICC.

The strategic cooperation with Volkswagen has also realized a revenue model through technology licensing and enhanced XPENG-W's profitability. In Addition, XPENG-W continues to invest in Robotaxi and humanoid robots. Its technology and commercialization progress is leading the industry.

CICC has kept an Outperform rating on XPENG-W but reduced its target price by 17% to HKD90.
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