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On January 9, Nomura released a report stating that XPeng (XPEV.N) hosted its inaugural annual new product launch event on January 8. At this event, XPeng unveiled four new models and updated versions, and also announced time-limited promotional offers. During the occasion, XPeng reaffirmed its strategic commitment to fully immerse itself in the realm of embodied AI by 2026. The newly launched models encompass the completely revamped P7+ (available in both extended-range and pure electric variants), the entirely new G7 (mainly in extended-range form), as well as the pure electric iterations of the G6 and G9 2026 models. For the time being, Nomura is maintaining XPeng's U.S. stock target price at $30 and is keeping its 'Buy' recommendation intact.
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