XPeng Motors (XPEV, Financial) is continuing to capture investor attention with a pre-market increase of 0.91% to $14.35, following a substantial 15.61% rise. The excitement is fueled by the unveiling of its first AI-driven vehicle, the XPeng P7+. This innovative car is priced from 186,800 RMB and is available for immediate delivery. It is the world's first vehicle to feature advanced AI driving capabilities as a standard, without differentiating between Max and Pro versions, and does not require additional options, fees, or subscriptions.
A report from Morgan Stanley highlights XPeng’s ambitious pricing strategy for the P7+, noting that its launch could redefine consumer expectations for AI vehicles. The P7+ is expected to increase consumer interest and demand for intelligent electric vehicles. The report emphasizes the importance of production execution to maintain order momentum, especially after the successful release of the MONA M03. Morgan Stanley has given XPeng an "overweight" rating with a target price of $17.
