CICC: Expects NIO's sales volume to maintain high growth, maintaining a "buy" rating.

Guoyuan International released a research report stating that Xiaopeng Motors benefitted in the third quarter of this year from the increase in the proportion of service and technology revenue and economies of scale, with the group's comprehensive gross profit margin reaching 20.1%, a historical high. The bank maintains its target price of HK$134.69 for Xiaopeng Motors and a "buy" investment rating.