At the beginning of the Year of the Tiger, Xiaopeng Motors' first direct-operated experience store in Europe was officially opened in Stockholm, Sweden (westfield Mall of Scandinavia, the largest commercial complex in the Nordic region), and also announced a strategic cooperation agreement with the leading European dealer group, the Netherlands Emil Frey NV Group and the Swedish Bilia Group, in order to accelerate the development and consolidation of the local sales network in Europe, including the Netherlands, Sweden and Denmark. This series of measures means that Xiaopeng Motors has taken the lead in introducing a full set of new retail models of "direct operation + authorization" in the European market.
Since 2021, Xiaopeng Automobile's sales have been rising, winning the 2021 new force sales championship with a score of 98,155 units. As of January 2022, the cumulative delivery of Xiaopeng Automobile has exceeded 150,000 units in history. Its three models on sale, Xiaopeng P7, P5 and G3, have become hot models in their respective categories, and the new flagship model G9 has received high praise from the market after its release, and its product competitiveness and market demand are strong.
In the field of energy replenishment, as of January 17, 2022, Xiaopeng Automobile has become the first charging car company in the industry to penetrate 337 cities in the country, covering 333 prefecture-level cities and 4 municipalities directly under the central government, with a total of 813 brand supercharging stations and 166 destination charging stations. Including 12 cities such as Nujiang, Qamdo and Nyingchi, Xiaopeng Automobile provides extremely scarce 180kW DC supercharging services for the local area, and will open overcharging stations to the public in areas with scarce overcharging resources (including but not limited to the above 12 cities) in the future.
It is worth mentioning that the Shenzhen Stock Exchange also announced that it will transfer Xiaopeng Automobile (9868. HK) was included in the list of Hong Kong Stock Connect stocks under Shenzhen-Hong Kong Stock Connect. As China's "first smart electric vehicle stock", and also the first major Chinese stock to complete a "dual major listing" on the New York Stock Exchange and the Hong Kong Stock Exchange in three years, Xiaopeng Motors has taken the lead again and become the first new car-making force to be included in the Hong Kong Stock Connect. After inclusion, qualified domestic investors can start buying Hong Kong stocks of Xiaopeng Motors. This move will directly contribute to the liquidity of its company's stock and further increase the market attention of Xiaopeng Motors.
Based on the good expectations of Xiaopeng Automobile's highly competitive product matrix and growth potential, CICC, Citi and other major banks have recently raised the target price of Xiaopeng Motors' Hong Kong stocks, with the highest target price reaching HK$357. CICC believes that Xiaopeng Automobile adheres to the self-research of software and hardware full stack, builds scientific and technological advantages and business model innovation, realizes intelligent functions to take the lead in landing and rapid iteration, and continuously consolidates and strengthens differentiated advantages. Follow-up companies will make more breakthroughs in the fields of intelligent driving, intelligent cockpit, and efficient energy replenishment. Citibank reported that Xiaopeng Motors is the preferred stock in its new energy automobile industry, and it is expected that the future OTA of the city NGP, the listing of the flagship model G9, and the company's announcement to explore the Robotaxi business will be positive factors.