XPeng's Volkswagen Cooperation to Further Support Gross Profit Margin -- Market Talk

Dow Jones07-23

0803 GMT - XPeng's gross profit margin will be further supported by its collaboration with Volkswagen, Deutsche Bank analyst Bin Wang writes in a note. XPeng expanded its cooperation with Volkswagen on electrical/electronic architecture to a global scale from a focus on China's platform, which Wang says is faster than the bank expected. The automaker will likely witness higher revenue from technical research and development service in 2H, thanks to the upgraded collaboration, DB adds. XPeng could receive around CNY150 million in revenue from its E/E architecture collaboration with VW each quarter, which should further support its double-digit gross margin, the analyst says. DB estimates that XPeng's 2Q net loss likely narrowed on quarter to CNY1.3 billion. It maintains a buy rating on the stock, with a target price of HK$50.00. Shares are last at HK$33.95. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

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July 23, 2024 04:03 ET (08:03 GMT)

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XPeng could receive around CNY150 million in revenue from its E/E architecture collaboration with VW each quarter, which should further support its double-digit gross margin, the analyst says. DB estimates that XPeng's 2Q net loss likely narrowed on quarter to CNY1.3 billion. It maintains a buy rating on the stock, with a target price of HK$50.00. Shares are last at HK$33.95. 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XPeng expanded its cooperation with Volkswagen ...</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":"EVS.SI","symbol_name":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2453702590","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453702590","pubTimestamp":1721721780,"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":"Copyright (c) 2024 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4555":"新能源车","BK4505":"高瓴资本持仓","BK4551":"寇图资本持仓","XPEV":"小鹏汽车","BK4099":"汽车制造商","BK4526":"热门中概股"},"translate_title":"小鹏与大众合作进一步支撑毛利率--市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XPEV":1,"EVS.SI":0.6},"content_text":"0803 GMT - XPeng's gross profit margin will be further supported by its collaboration with Volkswagen, Deutsche Bank analyst Bin Wang writes in a note. 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