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Research by Kenanga
Market Perform - TP RM2.45

"Driving in the Xpeng G6 EV"

We attended BAUTO’s official launching of its new brand Xpeng G6 EV, which is the distributor’s first China EV model under its stable. Xpeng will take over the existing showroom in Glenmarie with expansion plans to Johor, Melaka and Negeri Sembilan by 4QCY24. G6 is competitively priced at RM165k-RM185k against its closest alternatives at that price range such as the Tesla Model Y, though the sales volumes will be insignificant during our forecast period. We maintain our forecasts, TP of RM2.45 and MARKET PERFORM call.

Analyst:
Wan Mustaqim Bin Wan Ab Aziz 
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$KLSE-BAUTO 
Research by Kenanga
Market Perform - TP RM2.45

"Driving in the Xpeng G6 EV"

We attended BAUTO’s official launching of its new brand Xpeng G6 EV, which is the distributor’s first China EV model under its stable. Xpeng will take over the existing showroom in Glenmarie with expansion plans to Johor, Melaka and Negeri Sembilan by 4QCY24. G6 is competitively priced at RM165k-RM185k against its closest alternatives at that price range such as the Tesla Model Y, though the sales volumes will be insignificant during our forecast period. We maintain our forecasts, TP of RM2.45 and MARKET PERFORM call.

Analyst:
Wan Mustaqim Bin Wan Ab Aziz 
wanmustaqim@kenanga.com.my