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Macquarie pointed out that Xiaopeng Automobile's first-quarter loss was lower than expectedpowerballballnumbers, benefiting from the supply of services to the German publicpowerballballnumbersIncrease in profits. Macquarie believes that Xiaopeng's sales growth will continue and is expected to grow strongly with the launch of new models. In this regard, Macquarie expects Xiaopeng's sales to increase significantly in the fourth quarter. Macquarie further raised its forecast for Xiaopeng's sales next year to 31powerballballnumbers.30,000 vehicles, and revenue is expected to remain stable this year and next, but net losses are expected to narrow by 21% and 22% year by year. Macquarie believes that under the leadership of the new management, Xiaopeng's profitability is expected to improve and his product strategy will also be improved. However, he is also cautious about the battery electric vehicle market, especially in the face of fierce market competition. Macquarie maintains a "neutral" rating on Xiaopeng and raises its target share price from HK$28 to HK$32.
Analysts at Macquarie pointed out that Xiaopeng Automobile's net loss in the first quarter was lower than market expectations of 18%, mainly due to the profit contribution from providing services to the German public. Macquarie is optimistic about Xiaopeng's sales prospects and believes that the launch of new models will help drive sales growth. Macquarie takes a cautious wait-and-see attitude towards Xiaopeng's future and believes that Xiaopeng's profitability will improve in the fierce market competition environment.
Macquarie analysts further pointed out that Xiaopeng Automobile's future sales and profitability will be improved. Macquarie raised its forecast for Xiaopeng's sales next year and expects its revenue to remain stable and its net loss to decrease year by year. Macquarie maintains its "neutral" rating on Xiaopeng, and its target share price has increased compared with previously.
Xiaopeng Motors 'demonstrated profitability in supplying services to the German public is a key factor in Macquarie's optimism about its future sales and financial situation. Macquarie's improved expectations for Xiaopeng's future sales forecast and profitability reflect positive comments on its new management and product strategy. However, Macquarie is cautious in evaluating the competitive environment in the battery-electric vehicle market and looks forward to Xiaopeng providing more detailed information about its new models.
Overall, Macquarie's evaluation of Xiaopeng Motors is positive, with improved expectations for its sales and profitability, as well as cautiously optimistic about its future prospects. Macquarie's rating and target stock price for Xiaopeng have been adjusted, showing positive expectations for Xiaopeng to improve his prospects.