Xpeng

Xpeng's City NGP is already available in Guangzhou in pilot form, while its flagship G9 SUV will be officially launched a day later.

Xpeng is expected to announce the price of the G9, which in the opinion of analysts will be the most important factor for the market to gauge the model's sales prospects.

The trial run of City NGP may help improve the extremely bearish investor sentiment about Xpeng stock.

If Xpeng management comes up with an attractive pricing strategy for the G9 and offers a higher number of pre-orders, its shares should react positively, according to Edison Yu.

Pricing information for the Xpeng G9 has not yet been released, and analysts believe this will be the most important factor for the market to gauge the G9's sales prospects.

From January to August, Xpeng delivered 90,085 vehicles, up 96 percent from 45,992 vehicles in the same period last year.

Xpeng claims it's the best SUV under 500,000rmb (~$73K) pitting it against the likes of the Nio ES7 & Li Auto L9.

Yu's team maintained its Buy rating on Xpeng, saying they believe Xpeng's assisted driving technology is undervalued over the long term.

Xpeng has fallen a cumulative 64 percent so far this year in Hong Kong. Li Auto has fallen a cumulative 11 percent so far this year. Nio has fallen 11 percent since listing in Hong Kong on March 10.

Xpeng will also launch a C-class model in the second half of next year to bring an ultimate experience to a user base that needs more space and comfort.