XPeng stock gets upgrade from Jefferies; Chinese EV maker ‘on a new chapter’ after VW investment

Analysts at Jefferies on Friday upgraded their rating on China’s XPeng Inc. shares XPEV HK:9868 to buy, from hold, saying that Volkswagen AG’s partnership with the EV maker marks “the start of China OEMs exporting technologies to foreign players.” The partnership will help Xpeng to increase its brand image globally, the Jefferies analysts said. Moreover, sales momentum is “on an uptrend,” they said.

... Analysts at Jefferies on Friday upgraded their rating on China’s XPeng Inc. shares XPEV 9868 to buy, from hold, saying that Volkswagen AG’s partnership with the EV maker marks “the start of China OEMs exporting technologies to foreign players.” The partnership will help Xpeng to increase its brand image globally, the Jefferies analysts said. Moreover, sales momentum is “on an uptrend,” they said.

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Jefferies says this Chinese electric vehicle company could rally 25%Jefferies upgraded Xpeng shares to buy following the company's joint partnership deal with Volkswagen.
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Volkswagen invests $700 million in Chinese EV maker Xpeng to boost sluggish sales | CNN BusinessVolkswagen has bought nearly 5% of Chinese electric vehicle maker Xpeng for $700 million and agreed a strategic partnership to develop two new models as it attempts to reverse a decline in sales in the world’s biggest car market.
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EV stocks get a broad boost from VW’s purchase of 5% stake in XPengShares of electric-vehicle makers got a broad boost Wednesday as investors cheered Volkswagen AG's $700 million investment in China-based XPeng Inc.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »