Xpeng

Daiwa expects Xpeng to be a leader in China's autonomous driving space and a leader in its commercialization process. The team believes Xpeng will be profitable by 2022.

Xpeng Motors began rolling out an OTA update to the P7 on Tuesday that adds a new AI voice for the intelligent voice assistant "Xiao P" to make it sound more like a real person.

"The future is here because the minds of users are being changed, and even traditional car companies selling 200,000 a month can't ignore that," he said.

Credit Suisse raised its price target on Xpeng Motors in a research note issued Monday, citing the electric car maker's strong July deliveries.

CMB International initiated coverage of Xpeng Motors on Monday, giving its Hong Kong-listed stock a HK$196 ($25.2) price target and a buy rating.

Xpeng Motors delivered 8,040 vehicles in July, its highest monthly delivery record, up 228 percent year-over-year and up 22 percent from June.

The project has a planned annual capacity of 100,000 units and will achieve an annual output of more than 30 billion yuan when it reaches production, Xpeng said.

This article presents a forecast of Xpeng's EV sales in 2022 and evaluates its stock by analyzing each model of Xpeng and using the valuation multiples.

Xpeng Motors Chairman and CEO He Xiaopeng discussed the location of the company's research and development center and fourth factory with local officials in Chengdu in western China's Sichuan province on July 27.

CICC said its target price implies 33 percent upside for Xpeng's US shares and 29 percent upside for its Hong Kong shares.