Xpeng’s AI Progress Should Give XPEV Stock a Big Boost in the Long Term

Electric vehicle (EV) maker Xpeng (XPEV) has made tremendous strides in AI and self-driving, enabling it to make a lucrative deal with Volkswagen (VWAGY) and helping it meaningfully boost its EV business. Based in China, the firm's impressive AI progress positions it to launch partnerships with other automakers in the future as well as become a major player in the robotaxi space.

But that's not all. Xpeng's flying car business, which is expected to be launched at the end of this year, looks quite promising. Meanwhile, the humanoid robots that the company is developing could also become a major positive catalyst for XPEV stock.