According to Goldman Sachs's report, Xiaopeng Group officially unveiled the new SUV model Mona L03 in Munich, Germany on July 16. The official starting price was 123,800 yuan, lower than the pre-sale price of 143,800 yuan. The model recorded 20,000 and 47,000 non-refundable orders respectively within the first 7 minutes and 1 hour after the global launch. Goldman Sachs expects the Mona L03 to achieve stable monthly sales volume of 14,000 units, and contribute 22% and 23% of Xiaopeng Motor's total sales in the third and fourth quarters of this year, respectively, further boosting sales growth of 28% and 59% year-on-year in the third and fourth quarters. Xiaopeng also emphasized its global strategy, including that all future models will be listed overseas, with the goal of entering 65 global markets by 2026; and plans to launch VLA 2.0 models and humanoid robots in Europe in 2027; and launch flying cars in Europe in the future. Goldman Sachs expects that the successive introduction of a series of new models and overseas expansion will increase the visibility of Xiaopeng Motor's continued growth in sales and improved profit margins, and maintain a “buy” rating. The target price for H shares is HK$89, and the target price for ADR is $23.

According to Goldman Sachs's report, Xiaopeng Group officially unveiled the new SUV model Mona L03 in Munich, Germany on July 16. The official starting price was 123,800 yuan, lower than the pre-sale price of 143,800 yuan. The model recorded 20,000 and 47,000 non-refundable orders respectively within the first 7 minutes and 1 hour after the global launch. Goldman Sachs expects the Mona L03 to achieve stable monthly sales volume of 14,000 units, and contribute 22% and 23% of Xiaopeng Motor's total sales in the third and fourth quarters of this year, respectively, further boosting sales growth of 28% and 59% year-on-year in the third and fourth quarters. Xiaopeng also emphasized its global strategy, including that all future models will be listed overseas, with the goal of entering 65 global markets by 2026; and plans to launch VLA 2.0 models and humanoid robots in Europe in 2027; and launch flying cars in Europe in the future. Goldman Sachs expects that the successive introduction of a series of new models and overseas expansion will increase the visibility of Xiaopeng Motor's continued growth in sales and improved profit margins, and maintain a “buy” rating. The target price for H shares is HK$89, and the target price for ADR is $23.