Geely Auto sales 2.17M units in FY24, international market growth exceeded 53%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2025
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Sales Growth and Expansion: Geely Auto reported a 32% increase in annual sales for 2024, reaching 2.17 million units, with international exports rising by 53%. The company expanded its global presence to over 80 countries and introduced 16 new models.
Infrastructure Development: Geely significantly enhanced its global sales network to approximately 900 locations, built two factories in Asia and Africa, and established four new subsidiaries to improve local market access and optimize its supply chain.
Analyst Views on XPEV
Wall Street analysts forecast XPEV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XPEV is 29.67 USD with a low forecast of 20.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
1 Hold
1 Sell
Moderate Buy
Current: 20.340
Low
20.00
Averages
29.67
High
50.00
Current: 20.340
Low
20.00
Averages
29.67
High
50.00
About XPEV
XPeng Inc is a holding company mainly engaged in the design, development, manufacturing and marketing of smart electrical vehicles (EVs). The Company develops full-stack advanced driver assistance systems (ADAS) software in house and has deployed such software on mass-produced vehicles. The Company offers various models, including G9 (mid- to large-sized sport utility vehicle (SUV), P7i (sports sedan), G6 (coupe SUV), X9 (seven-seater multi-purpose vehicle (MPV)), MONA M03 (sedan) and P7+ (family sedan). The Company operates stores across China, including both stores directly operated by the Company and franchised stores. The Company also offers technical research and development services, services embedded in a sales contract, maintenance service, supercharging service.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
