Core Viewpoint - HSBC has raised the target price for XPeng Motors by 6% due to increased sales expectations and improved economies of scale, projecting strong sales momentum to continue into the second quarter [1] Group 1: Financial Projections - HSBC has increased XPeng Motors' earnings forecast for 2026 by 25% and introduced projections for 2027 for the first time [1] - The target price for the company's H-shares has been raised from HKD 101 to HKD 107, maintaining a "Buy" rating [1] - The target price for the company's American Depositary Shares (ADS) has been increased by 5.8%, from USD 25.9 to USD 27.4 [1] Group 2: Market Performance - The report indicates that XPeng Motors is benefiting from a strong product cycle, which is expected to sustain robust sales momentum in the second quarter [1] - Higher economies of scale and improved gross margins are anticipated to help the company approach breakeven [1]
汇丰升小鹏汽车目标价6% 料销售动能在第二季持续