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Investing.com -- Xpeng shares rose 0.7% in premarket trading Thursday after the electric vehicle maker unveiled its next-generation P7 sedan, which Jefferies called “another game changer.”
Jefferies analysts, who attended the launch event, described the new model as “a high-performance sports sedan with exceptional handling, capable of accelerating from 0 to 100 km/h in just 3.7s,” with “a more avant-garde and aggressive design language.”
The vehicle is longer and wider than the current P7, but lower, giving it “a wide-body, low-slung stance that accentuates its coupe-like dynamism.”
Jefferies noted that more than 10,000 refundable pre-orders were placed within 6 minutes and 37 seconds of the presale opening, despite pricing yet to be announced.
The firm estimates a price of about RMB250,000.
The car comes standard with an 800V SiC platform, a 5C ultra-fast charging battery offering a range of up to 820 km, and an 87-inch AD-HUD. It also includes a 1.84m² triple-layer silver-coated glass roof for heat and UV protection.
Jefferies highlighted the model’s use of three self-developed Turing AI chips delivering 2,250 TOPS in computing power.
“The accelerated deployment of Turing chips will help improve XPeng’s vehicle margin, in our view,” stated Jefferies.
The firm expects monthly sales of the Next (LON:NXT) P7 to reach 6,000 units, above consensus forecasts of 4,000, and total company deliveries to hit 40,000 by September.
Jefferies reiterated Xpeng (NYSE:XPEV) as its “top pick OEM,” noting the company is on track to turn its first quarterly profit in the fourth quarter of 2025.