"Daxing report" Fu Rui: 09868.HK 's intelligent driving assistance system is ahead of most of its peers by 1 to 2 years, reiterating its "buy" rating.
Fu Rui published a research report that recently participated in the launch of the XNGP intelligent driving assistance system of 09868.HK (XPEV.US). At present, XNGP has been first mass produced in 20 cities across the country.
The bank believes that the XNGP launched has good safety and is sufficient for users' daily use, and believes that with the intensification of competition in China's electric vehicle field, the advanced driving assistance system (ADAS) will become a key differentiation factor in electric vehicle sales, while Xiaopeng is leading most of its peers in this field for about a year or two.
Fu Rui reiterated its "buy" rating to Xiaopeng, with a target price of 99.1 yuan, corresponding to about 25 times the profit forecast for 2026.
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