Guotai Junan Securities: Maintain XPENG-W "Outperform Market" Rating

Guosen Securities released a research report stating that it maintains an "Outperform" rating for XPeng-W. Considering the company's new models represented by the Mona M03 and P7+ in the second half of the year, the implementation of the company's pure visual solution will penetrate high-end intelligent driving models into the market under 200,000, accelerating the realization of equal rights in high-end intelligent driving. Coupled with the launch of more new models in the future, the company's operating cycle continues to trend upward. The revenue and profit forecasts for the company have been raised, with expected revenues of 469/885/118.1 billion yuan and net profits of -6/1.6/2.7 billion yuan for 2024-2026