Research Note

  • Deutsche Bank raises Xpeng price target to , citing EV sentiment re-rate potential Xpeng

    Deutsche Bank raises Xpeng price target to $50, citing EV sentiment re-rate potential

    In a research note sent to investors on Monday, Deutsche Bank's Edison Yu's team raised its price target on Xpeng by $7 to $50, saying it is based on 7.5x 2022E sales, after previously valuing Xpeng at 7.0x 2022E sales.

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  • SPDB International initiates coverage on Xpeng with Buy rating and HK$187.6 price target Xpeng

    SPDB International initiates coverage on Xpeng with Buy rating and HK$187.6 price target

    Xpeng's car sales have a price-to-sales ratio close to other new car makers, but its software services could be given a higher price-to-sales ratio thanks to its push in autonomous driving and software monetization, according to the report.

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  • Citi gives Xpeng's H shares Buy rating and HK$207.5 price target Xpeng

    Citi gives Xpeng's H shares Buy rating and HK$207.5 price target

    Xpeng closed down 3.21 percent to HK$151 in Hong Kong on Wednesday, more than 8 percent below its offering price of HK$165. Citi's target price implies a 37 percent upside.

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  • Citi raises BYD price target, says its P/S ratio should reach Nio's level BYD

    Citi raises BYD price target, says its P/S ratio should reach Nio's level

    Nio has a P/S ratio of 22 times, while the figure for BYD is 3 times.

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  • Deutsche Bank asks: 'Could China EV stocks emerge winners from Didi debacle?' Nio

    Deutsche Bank asks: 'Could China EV stocks emerge winners from Didi debacle?'

    Yu's team believes that as investors better understand this dynamic, there will be more interest and money flowing into China EV stocks.

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  • Deutsche Bank says Nio Power Day reinforces EV maker's focus on improving charging infrastructure Nio

    Deutsche Bank says Nio Power Day reinforces EV maker's focus on improving charging infrastructure

    Edison Yu's team said the Nio Power Day event reinforced the company's focus on quickly growing and improving its charging infrastructure as there are nearly 120,000 Nio vehicles on the road.

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  • Citi says Xpeng's inclusion in Hang Seng indexes could be positive catalyst Xpeng

    Citi says Xpeng's inclusion in Hang Seng indexes could be positive catalyst

    The move is expected to boost liquidity for Xpeng stock and increase the likelihood it will be included in the Hong Kong-Mainland Stock Connect as early as the fourth quarter, Citi said.

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  • CICC expects 70,000 units of Nio ET7 to be delivered next year Nio

    CICC expects 70,000 units of Nio ET7 to be delivered next year

    A month ago there were rumors that Nio has a delivery target of 50,000 units for its flagship sedan ET7 in 2022, which, in analysts' eyes, is conservative.

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  • CICC raises Nio price target by 11% to Nio

    CICC raises Nio price target by 11% to $69

    Nio's established advantages are likely to expand in a non-linear and accelerated manner driven by user growth and autonomous driving, said CICC.

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  • Analysts say BYD's full transition to NEVs about to happen BYD

    Analysts say BYD's full transition to NEVs about to happen

    After BYD announced its June sales figures on Monday, analysts believe its full transition to new energy vehicles (NEVs) is about to be realized.

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