Morgan Stanley: XPENG-W's "G Three Carriages" monthly sales can easily reach a stable level of 20,000 vehicles
Morgan Stanley released a research report stating that XPeng's new mid-size SUV, the XPeng G7, is priced at 195,800 yuan, lower than market expectations. The G7 offers better value for money compared to the Tesla Model Y and Xiaomi YU7, with stronger computing power and intelligent driving features. It is expected that the monthly sales of the three main models of XPeng will easily reach a stable level of 20,000 vehicles
According to Zhitong Finance APP, Morgan Stanley released a research report stating that XPeng (XPEV.US, 09868) announced that its new mid-size SUV, the XPeng G7, is priced starting at RMB 195,800. This price exceeds market expectations of RMB 200,000 to 210,000 and is RMB 40,000 lower than the pre-sale price of RMB 235,800. The reason is that XPeng has launched a shorter-range version, the 602 km Max, in addition to the two pre-sale models (702 km Ultra/Max).
Morgan Stanley pointed out that the current price of the G7 is RMB 68,000 lower than Tesla's Model Y and RMB 58,000 lower than Xiaomi's YU7. The XPeng G7 offers better value for money, reflected in: higher computing power (Ultra up to 2200+ TOPS), support for intelligent driving and AI smart cockpit; industry-leading VLM (Visual Language Model); and spacious interior space. The G7 will begin mass delivery tomorrow. Morgan Stanley believes that its previous expectation of 6,000-8,000 units per month for the G7 carries risks, while the peak sales for the G6 in the fourth quarter of 2023 is about 9,000 units, and the peak for the G9 is about 6,500 units. Considering that the total sales of new G6 and G9 vehicles exceeded 12,000 units in May, the firm believes that XPeng's "three-horsepower" monthly sales can easily reach a stable level of 20,000 units
