0956 GMT - XPeng will likely report strong sales this year, driven by robust orders for its models in February and its commitment to artificial intelligence and robotics, Citi analysts write in a note. The brokerage raises its 2025 revenue forecast to CNY79.2 billion from CNY49.1 billion and increases its vehicle margin estimate to 11.9% this year. The company's P7+ and MONA03 models are expected to reach a mature monthly run rate of around 20,000 to 24,000 units, supported by strong EV demand, they say. Consistent growth in export demand for Chinese EVs could further bolster XPeng's earnings. Citi upgrades its rating on XPeng to buy from neutral and raises its ADR target price to $29.00 from $13.70. Shares last at $23.60. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 10, 2025 05:56 ET (09:56 GMT)
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