Lates News

Macquarie analyst Eugene Hsiao pointed out in the report that Xiaopeng Motors needs to face the complex market environment in 2026 as it continues to expand its new vehicle product line. Xiaopeng's focus on pure electric models may face pressure on its profit margins if the increase in lithium prices is passed on to battery costs. Macquarie has lowered its gross margin forecast for Xiaopeng in 2026 by 260 basis points. However, Eugene Hsiao stated that based on its exploration of non-electric vehicle technology, Xiaopeng has the highest potential for revaluation among many Chinese electric vehicle manufacturers. The firm maintains its "outperform the market" rating but has lowered its target price from 122 Hong Kong dollars to 100 Hong Kong dollars.