Xpeng reported second-quarter earnings today, and Deutsche Bank analyst Edison Yu's team provided their first impressions.
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Category: Research Note
BofA further raises Nio price target, expects deliveries of 20,000-21,000 per month in Aug and Sep
Nio's vehicle deliveries in August and September are expected to be 20,000-21,000 units per month due to auto parts constraints, but parts supply will improve in the fourth quarter, BofA said.
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BofA raises price target on Nio, expects solid delivery momentum to continue into Q4
Nio's effective pricing adjustments and more models offered to the market have driven solid sales, BofA said.
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Xpeng Q2 earnings preview: No big surprises, but H2 outlook expected to improve meaningfully
Deutsche Bank expects Xpeng to report mixed results for the second quarter, while the outlook for the third and fourth quarters will show meaningful sequential improvement driven by a strong G6 order book.
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Deutsche Bank on Li Auto Q2 earnings: Tough to top already high bar
While Li Auto's underlying execution remains strong, Nio, Xpeng will be more compelling growth stories in coming quarters, said Deutsche Bank.
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Morgan Stanley expects Nio shares ‘very likely’ to rise over next 15 days
A solid order backlog and improving production ramp bode well for Nio's ongoing operational recovery and rising sales, Morgan Stanley said.
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Deutsche Bank on China EV sales: Jul shows strength of new product cycles
Following a price cut and a slew of new models, Nio's sales efficiency has improved materially and should maintain this level of demand for at least the rest of the third quarter, said Edison Yu's team.
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Morgan Stanley raises price targets on Chinese EV trio, sees potential re-rating opportunities
Morgan Stanley raised its price target on Nio to $18.7, on Xpeng to $25.4, and on Li Auto to $53, all keeping their ratings at Overweight.
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VW deal marks time for ‘Xpeng Inside’, says Morgan Stanley
Volkswagen's deal with Xpeng could be the first of many strategic partnerships between global automakers and Chinese EV startups, Morgan Stanley said.
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Deutsche Bank on VW-Xpeng deal: Deep collaboration increasingly necessary in China’s competitive auto market
It's another sign that China's auto industry is changing rapidly and becoming hyper competitive, forcing major changes at traditional OEMs, Edison Yu's team said.
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