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XPeng (NYSE: XPEV) received a major vote of confidence from Wall Street this week after JPMorgan analyst Nick Lai doubled the firm's price target to $50, up from $25, while maintaining an Overweight rating.
XPeng is reiterated as a buy, driven by major product innovations and the upcoming Q3 earnings report. XPEV's recent workshop showcased advancements in humanoid robots, autonomous driving, and other Physical AI products. These developments have led me to view XPEV as a leading Physical AI stock with a clear path toward deployment ramp-up.
Chinese automaker Xpeng (NYSE: XPEV) is making a bold leap beyond electric vehicles (EVs), unveiling plans to mass-produce humanoid robots and launch a fleet of robotaxis in 2026.
XPeng is positioned as a leading Chinese EV innovator, rivaling Tesla with advanced AI and semiconductor technology. XPEV's proprietary Turing AI chip and Vision Language Action model underpin its competitive edge in autonomous driving and robotics. Expansion into Europe, robotaxi ventures with Alibaba, humanoid robots, and a 6-seat flying car highlight XPEV's diversified growth strategy.
Chinese electric car company Xpeng said Wednesday that it plans to start testing robotaxis in Guangzhou and other Chinese cities next year. Xpeng also showed off a new humanoid robot, with plans for mass production by the end of 2026.
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