0829 GMT - XPeng should report stronger earnings this year on likely healthy sales momentum and its new model pipeline, Morningstar senior equity analyst Vincent Sun writes in a note. The carmaker's 4Q margin improvement was stronger than expected despite pressure from promotional activities, Sun says. Management has guided for continued expansion in vehicle margin this year on strong sales, as well as for turning profitable this 4Q, Morningstar adds. XPeng's pipeline of new models should drive robust momentum in sales volumes, it adds. Morningstar raises its fair value estimate on the stock to $17.00 from $15.20. Its ADRs last closed at $23.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 20, 2025 04:29 ET (08:29 GMT)
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