Core Viewpoint - Citigroup has lowered the target prices for XPeng Motors' US and Hong Kong stocks by over 3% due to the anticipated sales slump in the automotive sector in the first quarter of next year, but remains optimistic about the company's potential for diversified growth in the coming year [1] Summary by Sections - Sales Forecast Adjustments - Following an analyst briefing, Citigroup has slightly reduced its sales forecast for XPeng Motors for 2025 to align with the company's new guidance [1] - Future Product Plans - XPeng plans to launch seven new models by the end of 2026 and initiate trial operations for Robotaxi services [1] - Robotics Market Ambitions - The company aims to start mass production of humanoid robots by the end of 2026, with a projected total market for humanoid robots exceeding that of electric vehicles, targeting global sales of over 1 million units by 2030 [1] - Target Price Adjustments - Citigroup has adjusted the target price for XPeng's US stock down by 3.4% to $28.4 and for its Hong Kong stock down by 3.7% to HKD 110.6 [1]
大行评级丨花旗：下调小鹏汽车美股和港股目标价逾3%