0426 GMT - XPeng is likely to more than double its EV deliveries in 2025, Deutsche Bank research analyst Bin Wang says in a research note. DB forecasts that XPeng will deliver 400,000 units this year, representing an increase of 110% year-on-year, the analyst say. The carmaker has a strong order backlog for some existing models, and a robust new product plan for 2025, the analyst notes. The company plans to launch at least four new products this year, he adds. The analyst keeps a buy rating on the stock with a target price of HK$72.00. Shares are 0.7% higher at HK$45.30. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
January 02, 2025 23:30 ET (04:30 GMT)
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