CICC: XPeng Motors -W (09868.HK) sales expected to maintain high growth, maintains "buy" rating.

According to the Wise Finance App, CICC released a research report stating that Xpeng Motors-W (09868, XPEV.US) benefited from the increase in the proportion of service and technology revenue and economies of scale in the third quarter of this year. The group's comprehensive gross profit margin reached 20.1%, a record high. The bank maintains a target price of HKD 134.69 for Xpeng Motors and a "buy" investment rating.