XPeng's Volkswagen Collaboration Could Help It Break Even in 2027 -- Market Talk

Dow Jones04-18

0731 GMT - XPeng's new technical collaboration with Volkswagen has the potential to help it break even in 2027 in the best-case scenario, Citi analysts led by Jeff Chung say in a research note. The analysts note that the collaborated models could start production from 2026. They think that XPeng is negotiating with VW on collaboration terms and that XPeng's bargaining power could weaken if its sales don't improve marginally in 2Q-3Q while VW maintains stable sales. The analysts keep a sell rating on XPeng with a target price of US$7.30. Its ADRs were last up 3.8% at US$7.42, while its Hong Kong-listed shares are 2.8% higher at HK$29.05. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 18, 2024 03:32 ET (07:32 GMT)

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The analysts keep a sell rating on XPeng with a target price of US$7.30. Its ADRs were last up 3.8% at US$7.42, while its Hong Kong-listed shares are 2.8% higher at HK$29.05. 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The ...</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":"2428553272","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428553272","pubTimestamp":1713425520,"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":"0731 GMT - XPeng's new technical collaboration with Volkswagen has the potential to help it break even in 2027 in the best-case scenario, Citi analysts led by Jeff Chung say in a research note. 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