Jul 03, 2021 07:29 AM (GMT+8) · EqualOcean
On Friday, Citigroup analyst Jeff Chung raised the target price of xpev. Us from $50.30 to $56.30, maintaining a "buy" rating. Analysts pointed out that the company's June delivery data was 5% higher than market expectations, and the company's recent success in the Hong Kong IPO. Analysts said that once successfully listed in Hong Kong stock market, Xiaopeng automobile will become a listed company in Hong Kong and the United States, which will expand the scope of investors. Considering stronger sales prospects and increasing product competitiveness, analysts slightly raised Xiaopeng's delivery forecast to 71000 vehicles in 2021.

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