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Chinese electric vehicle maker XPeng Motor set the starting retail price for the G6 at 209,900 yuan, which is in line with market expectations and is considered neutral to slightly positive, said Citi Research in a note.
The G6 all-electric vehicle SUV is expected to capture a share of the BEV market in the price range of 200,000 – 250,000 yuan, and the pricing strategy is a good attempt, but the company’s valuation may have already touched the ceiling, according to the note.
Citi maintained XPeng’s US share target price of $6.28 and a Sell rating.