0058 GMT - XPeng's 4Q deliveries should benefit from easing supply constraints for the Mona L03 and G9L, Deutsche Bank says. The bank forecasts 3Q revenue to rise 5% year-on-year to 21.4 billion yuan. However, it expects gross margin to fall 1.7 percentage points to 18.5% on a higher contribution from lower-margin Mona models and declining technical R&D services income. This could push net loss up 8% sequentially to 1.44 billion yuan. The bank maintains its buy rating and 84 Hong Kong dollar target price. Shares last closed nearly 1.0% higher at HK$37.86.
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