Xiaopeng X9 Wins Best Luxury EV Award in Indonesia

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The Xiaopeng X9 recently won the "Best Luxury Electric Vehicle" award at Carvaganza Editors' Choice 2025, beating out the Tengiz D9 and the Kia EV9 GT Line, and the award is expected to boost the brand's credibility and drive sales in Indonesia. The award is expected to enhance the brand's credibility and drive sales growth in the Indonesian market.Exclusive Indonesian distributor ERAL (Erajaya subsidiary) has received 800 orders, close to its 2025 target of 1,100 units.

Jakarta and Tanggelang showrooms were put into operation, and the after-sales service system continued to improve. The automotive business contributes 18% to ERAA's gross margin, significantly boosting the group's profitability. Analysts expect ERAA's net profit to reach 11 trillion rupiah in 2025 (up 10% YoY) Net profit is expected to grow 26% to 14 trillion rupiah in 2026.

Corporate target share price of 700 rupiah, corresponding to 9.8x 2025 P/E (currently trading at only 6.3x) The award reinforces ERAA's strategy to diversify and transform itself through its high-end electric vehicle business, which is expected to attract more investor attention.

# Chinese Capital Express