After having attended XPeng’s (XPEV) VLA 2.0 workshop and completed a 28km test ride in Guangzhou’s downtown Tianhe District following the rollout of an update of the intelligent driving system last week, Morgan Stanley reported that the test ride was “impressive, with notably smooth and more human-like control.” The firm, which says the next key step is achieving broader consumer recognition and conversion into vehicle purchases, has an Overweight rating and $34 price target on XPeng shares.
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