SunCar and XPeng Enter a New Stage of Cooperation with the Launch of XPeng's G7 Model, Delivering Fully Intelligent Car Insurance to Drivers
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Strategic Partnership Announcement: SunCar Technology Group Inc. has entered a new phase of cooperation with XPeng Inc., enhancing their existing partnership that began in October 2022, to provide XPeng car owners with advanced and customized auto insurance services.
Innovative Solutions for Electric Vehicles: Leveraging AI and big data analytics, SunCar aims to deliver innovative auto insurance solutions tailored for XPeng's electric vehicles, particularly following the successful launch of the XPeng G7 model.
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Analyst Views on XPEV
Wall Street analysts forecast XPEV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XPEV is 29.67 USD with a low forecast of 20.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
1 Hold
1 Sell
Moderate Buy
Current: 18.590
Low
20.00
Averages
29.67
High
50.00
Current: 18.590
Low
20.00
Averages
29.67
High
50.00
About XPEV
XPeng Inc is a holding company mainly engaged in the design, development, manufacturing and marketing of smart electrical vehicles (EVs). The Company develops full-stack advanced driver assistance systems (ADAS) software in house and has deployed such software on mass-produced vehicles. The Company offers various models, including G9 (mid- to large-sized sport utility vehicle (SUV), P7i (sports sedan), G6 (coupe SUV), X9 (seven-seater multi-purpose vehicle (MPV)), MONA M03 (sedan) and P7+ (family sedan). The Company operates stores across China, including both stores directly operated by the Company and franchised stores. The Company also offers technical research and development services, services embedded in a sales contract, maintenance service, supercharging service.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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