0440 GMT - XPeng's performance may improve further thanks to its active business target in both short and long term, Nomura analysts write in a note. The company has a solid plan for model expansions in 2H and 2026 while it's actively developing its overseas market, they say. XPeng continues to explore the high-level autonomous driving market and will further increase its competitiveness with other rivals next year, they say. The company's 1Q earnings shows its strong economies of scale and robust shipments, they add. The brokerage maintains a buy rating and $30.00 target price on the ADR. The ADRs last closed at $22.25.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 22, 2025 00:40 ET (04:40 GMT)
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