Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi: XPENG-W (09868.HK) G7 Pricing In Line
Recommend 21 Positive 21 Negative 12 |
||||
|
||||
|
XPENG-W (09868.HK) launched the G7 (mid-size pure electric SUV) on 3 July, with pricing meeting expectations at RMB195,800-RMB225,800, according to Citi Research. The G7 recorded over 10,000 non-refundable orders within 9 minutes after the product launch, in line with forecast, as it had been pre-sold for more than 20 days. The broker believed that the key should be the trend of order growth for the G7 at a later stage. Given its modest performance, Citi Research thought that the G7's selling points are ADAS and a smart cockpit, but that's unlikely to make the G7 a hot-selling model as XIAOMI-W (01810.HK)'s YU7. Therefore, Citi Research rated XPeng (XPEV.US) at Buy, with a target price of US$29. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
