XPeng's Volume Growth Not Guaranteed This Year -- Market Talk

Dow Jones03-23

0750 GMT - XPeng's volume growth is not guaranteed this year, Macquarie analysts write in a note. The company reported its first ever net profit in 4Q though its largely driven by income from services and others of 3.2 billion yuan, supported by carbon credits and Volkswagen technical services on top of 840 million of other income from government subsidies, they say. XPeng also faces broad weakness on uncertainty regarding the success of upcoming models, they add. The brokerage still likes XPeng's physical AI optionality, but the question of solid volume growth this year remains uncertain. Macquarie downgrades its rating for the stock to neutral from outperfrom and cut its target price to HK$73 from HK$93. Shares are last at HK$71.30. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

March 23, 2026 03:50 ET (07:50 GMT)

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XPeng also faces broad weakness on uncertainty regarding the success of upcoming models, they add. The brokerage still likes XPeng's physical AI optionality, but the question of solid volume growth this year remains uncertain. Macquarie downgrades its rating for the stock to neutral from outperfrom and cut its target price to HK$73 from HK$93. Shares are last at HK$71.30. 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The company reported its first ever net profit in 4Q though its largely driven by income from services and others of 3.2 billion yuan, supported by carbon credits and Volkswagen technical services on top of 840 million of other income from government subsidies, they say. XPeng also faces broad weakness on uncertainty regarding the success of upcoming models, they add. The brokerage still likes XPeng's physical AI optionality, but the question of solid volume growth this year remains uncertain. Macquarie downgrades its rating for the stock to neutral from outperfrom and cut its target price to HK$73 from HK$93. Shares are last at HK$71.30. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 03:50 ET (07:50 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EVS.SI","symbol_name":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621377385","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621377385","pubTimestamp":1774252200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0750 GMT - XPeng's volume growth is not guaranteed this year, Macquarie analysts write in a note. 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