Is $9868 (-6,91 %) the better $TSLA (-6,22 %) and the Chinese car manufacturer with the greatest potential? After reading many facts and analyses, I have come to this conclusion and remain invested. In the last few weeks, I have instead $1211 (-1,43 %) and $1810 (-2,62 %) in the last few weeks.
The shares of the electric car start-up XPeng have performed extremely well in recent days. At its "AI Day", XPeng announced its intention to start the first test drives of its own robotaxi fleet in Guangzhou and other Chinese cities next year. XPeng also unveiled a new humanoid robot that is scheduled for series production by the end of 2026.
Like its competitor Tesla, Xpeng also wants to position itself as more than just an electric car company. As part of its "AI Day", the car manufacturer announced that it will be launching three robotaxi models on the market. Xpeng's strategy for Robotaxis is to produce two categories of vehicles: one for commercial self-driving shared vehicles and one for fully autonomous private vehicles that may only be shared by family members.
Incidentally, Xpeng also presented its latest version of the humanoid robot "Iron" at the "AI Day". Similar to Tesla, Xpeng wants to position itself in the field of humanoid robots. The Chinese company is already planning to start mass production next year.
Xpeng's entry into the humanoid robot cab and flying cars should help to generate good sentiment in the stock," says analyst Jeff Chung from Citigroup. However, it is still too early to quantify the upside potential of new business profits, the team of experts added. Still, it should help the stock "potentially move on from past new-energy vehicle valuations to a premium-level connection with AI, tech and robotaxi," Jeff Chung wrote in his update on Xpeng. His price target is the equivalent of 25.50 euros.
XPeng recently underlined its ambitions in the EV market with good delivery figures. The roll-out of new models should keep sales volumes high. On the technological side, the Group offers an exciting investment story in addition to electric cars with its own development of AI chips and robots. The company's own robotaxi fleet is an additional source of imagination.
