SIASUN(SZ:300024) Sou Hu Cai Jing·2025-11-18 04:40Core Viewpoint - Citigroup has lowered the target prices for XPeng Motors' US and Hong Kong stocks by over 3%, citing the first quarter of next year as a slow season for car sales, but remains optimistic about the company's diversified growth potential in 2024 [1] Summary by Relevant Sections - Target Price Adjustment - Citigroup reduced XPeng's US stock target price by 3.4% to $28.4 and the Hong Kong stock target price by 3.7% to HKD 110.6 [1] - Sales Forecast - The company slightly adjusted its 2025 sales forecast to align with new guidance [1] - Product Launch Plans - XPeng plans to launch 7 new models in 2026 and will initiate Robotaxi trial operations [1] - Robotics Market Expansion - By the end of 2026, XPeng aims for large-scale production of humanoid robots, with management estimating that the total target market will exceed that of electric vehicles [1] - Global sales of XPeng robots are projected to exceed 1 million units by 2030 [1]