XPeng Stock Price (XPEV) Continues Ascent With P7+ Touted as Major Sales Catalyst

XPeng's stock price (NYSE: XPEV) has been a notable beneficiary of the trade on Chinese stocks in recent weeks, with the NYSE listed ADR having gained 38.51% over the past month of trading. On an otherwise muted day for EV stocks, XPEV continued to eek out gains, with a 0.88% uplift in the regular session supported by a further 0.47% in extended hours.

Morgan Stanley has provided a buoyant perspective on the Chinese electric vehicle maker, particularly with its recent unveil of the Xpeng P7+, deeming it a potential key volume driver going into the fourth quarter of the year and for the year 2025.

The unveiling of the Xpeng P7+ has drawn considerable attention due to its spacious interior and advanced smart cockpit/driving features. Such features set the P7+ apart in a competitive landscape defined by rapid innovation and escalating consumer expectations. Analysts and investors are keenly awaiting the October 14 unveiling of the P7+'s pre-sale price in Paris. Morgan Stanley expresses that the pricing could further clarify the model's potential impact on Xpeng's sales volume, supplementing the contributions of the recently launched MONA M03 sedan.

XPeng Inc, enjoying a lofty market capitalization of $12 billion and situated with headquarters in Guangzhou, China, operates within the bustling auto manufacturers industry of the Consumer Cyclical sector. The company's expansive product lineup includes SUVs under the G3 and G9 brands; the sleek four-door P7 sports sedan; and the practical P5 family sedan.

Founded in 2015, XPeng has rapidly evolved into a noteworthy player in the smart electric vehicle market, underpinned by its advancements in driver-assistance system technology and intelligent in-car systems.

The company enjoys a buy recommendation from Morgan Stanley setting a price target of $11.70 for XPeng shares which after the recent acceleration in price is currently below the latest price-action on the stock. The firm supports its Overweight stance, predicting that XPeng's strategic moves and competitive positioning within the auto manufacturers industry will bolster the company's prospects but you would expect to see a shift in target if the firm is to remain with this stance longer term.

Investors and analysts are staying tuned for the upcoming pricing announcement, with expectations for positive ripple effects on the company's Q4 performance and outlook for 2025.