Da Ma: Reiterates Xiaopeng Group -W (09868.HK) "Buy" Rating with a Target Price of 96 Hong Kong Dollars.

Wisdom Financial APP learned that Morgan Stanley released a research report stating that XPeng Motors-W (09868.HK) will soon launch its new model MONA LO3 globally. The aggressive pricing strategy of this model in the Chinese market is expected to boost sales, while its listing in the European market is expected to increase the profit margin of the product portfolio. If the supply chain can smoothly increase production capacity, the bank expects monthly sales to exceed 15,000 units, and the AI business is expected to bring further valuation upside, therefore maintaining its "buy" rating and maintaining the target price for XPeng Motors' H shares at HK $96.