Xpeng Targets 550,000-600,000 Vehicle Sales in 2023, Up to 40% Increase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Yahoo Finance
- Sales Target Increase: Xpeng confirmed its 2023 sales target of 550,000-600,000 vehicles during an internal strategy meeting, representing a 28%-40% increase from last year's sales of 429,445 vehicles, reflecting strong confidence in market demand.
- Last Year’s Performance: In 2022, Xpeng delivered 429,445 vehicles, marking a remarkable 126% year-over-year growth, which provides a solid foundation for the ambitious sales target set for 2023.
- Strategic Transformation: Earlier in January, Xpeng announced its pivot from being solely an automaker to a
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 29.40 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.
10 Analyst Rating
8 Buy
1 Hold
1 Sell
Moderate Buy
Current: 21.050
Low
20.00
Averages
29.40
High
50.00
Current: 21.050
Low
20.00
Averages
29.40
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.
