Morgan Stanley: The market has conservative expectations for the new model P7 from Xiaopeng. The stock price may consolidate before and after the release.

Morgan Stanley stated that due to intense competition and lack of pricing details, the stock price of XPeng may continue to consolidate before and after the release of the new P7 model. In the short term, investors will still focus on whether XPeng can significantly narrow its losses in the second quarter, and whether it can quickly increase its monthly production and sales volume to 40,000 vehicles in the third quarter. Analysts from Morgan Stanley such as Tim Hsiao reported that with the market's conservative expectations for the new P7 due to the monthly average sales declining to 1400 vehicles by 2024, there is room for potential surprise performance. Compared to the high-volume Mona and G series SUVs, the P7 is crucial for enhancing XPeng's high-end brand image; in addition to driving performance, the new P7 has also attracted market attention with its exquisite design and immersive cockpit technology.