The renowned American multinational investment bank and financial services holding company raised NIO
and Xpengs target prices to USD 46 and USD 43 respectively.
JP Morgan analyst Rebecca Wen believes that the company will become a long-term winner in the field of high-end electric vehicles. By 2025, the company will have a 30% market share of high-end EV's.
As for Xpeng, Nick Lai regards it as the main beneficiary of 'China's multi-year smart electric vehicle trend' and expects its penetration rate to increase from less than 5% in 2019 to 13% or higher in 2025.