Yu表示，蔚来2021年的交付量可能达到10万辆，不过他保守预计交付量将为9.6万辆，较此前的预测多出6000辆。Check the latest market
Us stocks traded in early trading on WednesdayWeilaiIt's up more than 2%. After Xilai announced its mixed fourth-quarter results.Deutsche BankAnalyst Edison Yu reiterated his "buy" rating on the company, with a target price of $70.
Yu said delivery could reach 100000 vehicles in 2021, although he conservatively expected delivery of 96000 vehicles, 6000 more than previous forecasts.
Yu believes that with the increase in brand awareness of Weilai, the company is expected to become a leader in China's high-end automobile market. In addition, he says, there are several untapped areas for growth. Xilai may develop different brands by establishing partnerships to cater to the mid-market / mass market. The subscription model of the company's autopilot system, NAD, will also bring opportunities.
Yu pointed out that the company will enter the European market in the second half of this year, and investors may have underestimated the potential sales of its products in Europe.
Overall, Yu believes that Xilai has the ability to actively invest in expanding its service network and improving its autopilot software / engineering capabilities. The recent weakness in the stock price may be a good opportunity to buy.
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