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<Research>CLSA: XPENG-W G7 Launch Critical; TP Kept at $106
Recommend 17 Positive 30 Negative 12 |
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XPENG-W (09868.HK)(XPEV.US) launched its BEV SUV G7 with a starting price of RMB195,800, aligning with market expectations, according to a CLSA research report. Among which, the high-end Ultra version is the first car equipped with XPeng’s in-house Turin chip. The broker viewed the G7 launch as completing XPeng’s SUV portfolio alongside the G6 and G9, projecting monthly sales for the series to reach 13,000-17,000 units. CLSA maintained a target price of HKD106 and an Outperform rating on XPENG-W. XPeng’s G7 was launched a week after XIAOMI-W (01810.HK)'s YU7, the report mentioned. While the G7 secured 10,000 orders within 9 minutes of its launch, compared to YU7’s over 200,000 orders in 3 minutes, CLSA highlighted that YU7, as Xiaomi’s first SUV, emphasized driving performance and trendy design with a starting price of RMB253,000; in contrast, the G7 focuses on intelligent driving and affordability. AAStocks Financial News |
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