0838 GMT - XPeng will likely report a stronger vehicle gross margin in 4Q due to increasing volume, particularly from the higher-margin products, Deutsche Bank analyst Bin Wang writes in a note. The company guides for monthly delivery volumes of more than 30,000 units in November and December, boosting its 4Q delivery to between 85,000 and 91,000 units. With higher sales of its P7+ sedan, which has a stronger gross profit margin, XPeng's vehicle margin is expected to improve sequentially, he says. Additionally, the company plans to launch at least four new products next year, with at least one each quarter, DB says. XPeng is also set to launch its first extended-range electric vehicle in 4Q25, a large-size SUV. The brokerage maintains a buy rating for the stock. Shares last traded at HK$46.45. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
November 29, 2024 03:38 ET (08:38 GMT)
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