Sign in

    Nick Lai

    Research Analyst at JPMorgan Chase & Co.

    Nick Lai is an Executive Director and Senior Equity Analyst at J.P. Morgan, specializing in coverage of Chinese electric vehicle and automotive companies. He closely follows firms such as NIO, XPeng (XPEV), and Li Auto, with a research track record highlighted by a 49.45% success rate and an average return per transaction of 5.9%, including standout calls generating returns as high as 150.6%. Beginning his analyst career in the early 2000s, Lai has developed deep expertise in the automotive sector, becoming a widely referenced voice on trends in China’s EV market since joining J.P. Morgan. He maintains core professional qualifications as required for senior sell-side analysts, including FINRA registration and relevant securities licenses.

    Nick Lai's questions to XPENG (XPEV) leadership

    Nick Lai's questions to XPENG (XPEV) leadership • Q4 2024

    Question

    Nick Lai asked for the long-term vision for XPeng's product mix by 2030 across its three pillars: AI cars, flying cars, and humanoid robots. He also inquired about potential new opportunities with Volkswagen in Europe, given recent policies encouraging foreign investment in AI and autonomous driving.

    Answer

    Co-Founder, Chairman and CEO He Xiaopeng stated that while a 2030 mix is hard to predict, the company aims for 50% of sales to be from overseas markets by 2034. He compared the current state of humanoid robots to the EV industry in 2010. An XPeng executive added that the current Volkswagen collaboration is focused on the G9 platform and EEA, but there is industrial logic for potential collaboration in overseas markets.

    Ask Fintool Equity Research AI