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On March 19, analysts at Bernstein published a report outlining their expectations for XPeng Motors (09868.HK) to achieve robust growth fueled by new models up to 2026. The company aims to consistently introduce new and revamped models to broaden its product portfolio and spur substantial growth. The robust sales performance of the Mona M03 and P7+ models has strengthened Bernstein's faith in XPeng's upcoming offerings. Furthermore, the introduction of the Kunpeng Extended Range Electric System is anticipated to further expand XPeng's market potential. Consequently, Bernstein has increased its revenue projections for XPeng Motors by 7% for 2025 and 16% for 2026. Concurrently, Bernstein has maintained its market performance rating for XPeng while elevating the target price for XPeng Motors ADR from $14.00 to $18.00 and for its Hong Kong-listed shares from HK$54.00 to HK$70.
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