XPeng's Sales Outlook Seems Dim Due to Intense Competition -- Market Talk

Dow Jones2023-05-29

0248 GMT - XPeng's sales outlook seems dim due to intense sector competition, says UOB Kay Hian analyst Ken Lee in a note. The electric-vehicle supplier's deliveries in 1Q disappointed investors, falling nearly 50%. After XPeng launched an all-electric mid-sized sedan in September 2022, sales of the model peaked in December and fell to less than 1,000 units in February-March, the analyst notes. The electric vehicle company could also be negatively affected by the 10% price cuts on its various models in January, he adds. UOB Kay Hian maintains its sell rating and target price of HK$20.00 on the stock, which is 1.0% higher at HK$31.56. (yiwei.wong@wsj.com)

(END) Dow Jones Newswires

May 28, 2023 22:48 ET (02:48 GMT)

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The electric vehicle company could also be negatively affected by the 10% price cuts on its various models in January, he adds. UOB Kay Hian maintains its sell rating and target price of HK$20.00 on the stock, which is 1.0% higher at HK$31.56. 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The electric-vehicle supplier's deliveries in 1Q disappointed investors, ...</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":"XPEV","symbol_name":"小鹏汽车","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2339499140","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2339499140","pubTimestamp":1685328480,"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":"0248 GMT - XPeng's sales outlook seems dim due to intense sector competition, says UOB Kay Hian anal","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"XPEV":"小鹏汽车"},"translate_title":"由于激烈的竞争，XPeng的销售前景似乎暗淡——市场对话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XPEV":0.9},"content_text":"0248 GMT - XPeng's sales outlook seems dim due to intense sector competition, says UOB Kay Hian analyst Ken Lee in a note. 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