XPeng: H2 2025 Volatility Likely - Wait For A Dip Buying Opportunity

  • XPEV's diversified price points and ADAS offerings (even for mass market models) have grown sales by the triple digits on a YoY basis. This is likely to be aided by the growing presence globally from H2'25 onwards, as the automaker reports improving top/ bottom-lines and expands its global sales effort. Combined with the richer balance sheet, we believe that XPEV's cash bridge to profitability is more than enough, no matter the H2'25 uncertainties from the halted EV subsidies.