Jefferies Reiterates ‘Buy’ Rating and 29$ PT on XPeng

“1H25 NDR takeaways – A Tech-Powered EV Leader Poised for Breakout Growth’

We hosted the post-result NDR for XPeng in HK.

XPeng’s 1H25 results defied expectations, led by strong margins from economies of scale.

We see a clear path to profitability by 4Q25, with G7 and new P7 starting mass deliveries.

We view XPeng’s tech DNA as the most differentiated moat, blending rapid product innovation, AI leadership, and global expansion to cement its place as a top-tier EV maker.

The chairman’s buyback shows confidence in XPeng’s trajectory.”

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