0803 GMT - XPeng will likely see further growth in shipments, market-share gains and stronger margins in 2025, Nomura analysts write in a note. Demand for its cars should rise further, driven by upcoming face-lifted and new models, they add. XPeng's vehicle margin reached double digits for the first time in 4Q, thanks to accelerated shipments and cost-reduction efforts, they say. Meanwhile, the carmaker's AI push, including advanced driver-assistance systems and robotics, should further support long-term growth, they add. A potential Indonesia factory may also pave the way for long-term overseas opportunities, Nomura says. The investment bank initiates coverage of the stock with a buy rating and a target price of HK$113.00. Shares are last at HK$89.05. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 20, 2025 04:03 ET (08:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.