MXN/PEN Price & Performance (MXNPEN)

UBS has shifted its perspective on XPeng (XPNGF), upgrading the stock from a "Sell" to a "Neutral" rating. Analysts predict an 88.27% potential upside in its price, with a target of $7.64 per share. Institutional interest remains steady, though some funds have increased their portfolio allocation towards XPeng.1

Chinese electric vehicle stocks, including XPeng and NIO, surged as Tesla struggled with declining demand. XPeng shares rose 6.2%, bolstered by robust sales forecasts and announcements of investments in AI and robotics. Analysts expect continued strength in China's EV market, aided by new models and government incentives.2

XPeng's stock climbed 7.1% following the company’s announcement of plans to mass-produce flying cars and humanoid robots by 2026. The company’s advanced technology initiatives and competitive pricing have fueled investor optimism, making XPeng one of the top-performing EV stocks this year.3