The analyst wrote in the note, "We believe the main growth driver will be sales of the P5 and P7 models after component shortages are alleviated. The company also expects its new flagship model, G9, to be delivered in 4Q, and we believe that if the G9 can be competitively priced it will help XPeng expand quickly into the affordable luxury market." XPEV is currently down 7.6% in mid-day trading.