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<Research>CMSI Optimistic About XPENG-W (09868.HK) Smart Driving Segment, Keeps Overweight Rating
Recommend 10 Positive 14 Negative 1 |
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CMSI issued a research report saying that it participated in XPENG-W (09868.HK)'s second-generation VLA test drive experience event on Monday (9th), with a total test drive mileage of approx. 28 kilometers, passing through various typical urban road conditions such as narrow side streets, blind spots, dense urban traffic and main arterials. During the approx. 70-minute test drive, the vehicle performed stably in different road conditions and complex traffic environments, with the vast majority of participants achieving zero takeover throughout the journey. The broker was optimistic about the Company's technology accumulation and continuous iteration capabilities in the intelligent driving field, which is expected to further enhance product line competitiveness and drive the launch of Robotaxi business within the year. Meanwhile, the development of the VLA system is also expected to synergistically promote the Company's robotics business (which is expected to achieve mass production this year) model capabilities. Therefore, CMSI kept rating at Overweight on XPENG-W, with target prices of $115/ US$29 for XPENG-W's H-shares/ US stock, and will further evaluate fundamentals, earnings forecasts and target price after the Company's results announcement in March. AASTOCKS Financial News Website: www.aastocks.com |
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