Xpeng's Delivery Growth Target Appears Ambitious -- Market Talk

Dow Jones2023-05-26

0535 GMT - Xpeng's delivery growth target for 2023 appears ambitious to Nomura, which estimates electric vehicles delivered in China will grow 24% versus the company's 30% guidance. While the Chinese EV maker's margin may improve in 2H and 2024, on product mix changes and lower costs, Nomura research analysts estimate its 2023 gross margin at 8.7%, versus the 10.4% consensus, judging from its lackluster deliveries in 1Q and likely moderate delivery growth in 2Q. XPeng's gains may also be capped by its near-term P7i battery supply bottleneck and likely limited market share improvement in 2023, they add. Nomura slashes the target price for its ADRs to $8.00 from $36.30 and maintains a neutral rating. The ADRs were last at $8.01. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

May 26, 2023 01:35 ET (05:35 GMT)

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2338212991?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-26 13:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2338212991","market":"hk","top_or_hot":-1,"title":"Xpeng's Delivery Growth Target Appears Ambitious -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0535 GMT - Xpeng's delivery growth target for 2023 appears ambitious to Nomura, which estimates electric vehicles delivered in China will grow 24% versus the company's 30% guidance. While the Chinese EV maker's margin may improve in 2H and 2024, on product mix changes and lower costs, Nomura research analysts estimate its 2023 gross margin at 8.7%, versus the 10.4% consensus, judging from its lackluster deliveries in 1Q and likely moderate delivery growth in 2Q. XPeng's gains may also be capped by its near-term P7i battery supply bottleneck and likely limited market share improvement in 2023, they add. Nomura slashes the target price for its ADRs to $8.00 from $36.30 and maintains a neutral rating. The ADRs were last at $8.01. (monica.gupta@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 26, 2023 01:35 ET (05:35 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xpeng's Delivery Growth Target Appears Ambitious -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXpeng's Delivery Growth Target Appears Ambitious -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-26 13:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0535 GMT - Xpeng's delivery growth target for 2023 appears ambitious to Nomura, which estimates electric vehicles delivered in China will grow 24% versus the company's 30% guidance. While the Chinese ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4532","symbol_name":"文艺复兴科技持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2338212991","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2338212991","pubTimestamp":1685079300,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0535 GMT - Xpeng's delivery growth target for 2023 appears ambitious to Nomura, which estimates elec","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4532":"文艺复兴科技持仓","XPEV":"小鹏汽车","BK4585":"ETF&股票定投概念","BK4555":"新能源车","TGT":"塔吉特","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4114":"综合货品商店","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4588":"碎股","BK4526":"热门中概股","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4551":"寇图资本持仓","BK4505":"高瓴资本持仓","BK4155":"大卖场与超市","BK4504":"桥水持仓","BK4099":"汽车制造商","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","LU0823411888.USD":"法巴消费创新基金 Cap"},"translate_title":"Xpeng的交付增长目标似乎雄心勃勃——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TGT":1,"XPEV":0.9,"EVS.SI":0.6},"content_text":"0535 GMT - Xpeng's delivery growth target for 2023 appears ambitious to Nomura, which estimates electric vehicles delivered in China will grow 24% versus the company's 30% guidance. While the Chinese EV maker's margin may improve in 2H and 2024, on product mix changes and lower costs, Nomura research analysts estimate its 2023 gross margin at 8.7%, versus the 10.4% consensus, judging from its lackluster deliveries in 1Q and likely moderate delivery growth in 2Q. XPeng's gains may also be capped by its near-term P7i battery supply bottleneck and likely limited market share improvement in 2023, they add. Nomura slashes the target price for its ADRs to $8.00 from $36.30 and maintains a neutral rating. The ADRs were last at $8.01. (monica.gupta@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 26, 2023 01:35 ET (05:35 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2338212991"}