XPeng Stock Rises as Morgan Stanley Adds EV Maker to Global Focus Lists

Sep 29 - XPeng's XPEV stock gained 1% on Monday, after Morgan Stanley added the Chinese EV maker to its Global Emerging Markets and Asia Pacific excluding Japan Focus Lists. The move replaced rival BYD (BYDDF) on both lists.

Morgan Stanley analyst Tim Hsiao reiterated a Buy rating on XPeng with a price target of HK$108 (about $28). He pointed to XPeng's strong model pipeline and its position as a leading adopter of AI in the auto sector. Hsiao expects the company to deliver steady sales in 2025 and expand further in 2026, driven by upcoming vehicle launches, its new super hybrid system, and better margins from scale.

Another factor supporting the outlook is XPeng's recent partnership with Volkswagen (VWAGY). The two automakers agreed to deepen technical cooperation, developing an architecture for Volkswagen's EV platform while also deploying it across gasoline and plug-in hybrid models in China.