Core Viewpoint - UBS research report indicates that XPeng Motors (09868.HK) management has considered the changes in the trade-in policy for pricing of new models and expects a relatively stable pricing environment by 2026 [1] Group 1: Management Strategy - The company will prioritize cost optimization, enhance operational leverage, and solidify its technological leadership [1] - Management mentioned that despite rising lithium prices, the gross margin will not face significant challenges this year, as sales expansion can offset the increase in raw material costs [1] Group 2: Future Developments - The company plans to equip future models with Turing chips to highlight its cost advantages and performance improvements [1] - UBS has assigned a neutral rating for XPeng Motors (XPEV.N) with a target price of $18 [1]
瑞银：小鹏料今年价格更稳定 销量扩张抵销原材料成本上升