Bank of America’s Upgrade: XPeng and Volkswagen

Key Points:

• Bank of America has upgraded its rating on XPeng stock, thanks to a partnership between the Chinese electric vehicle (EV) maker and German auto giant, Volkswagen.
• The upgrade comes as a result of the collaboration between XPeng and Volkswagen on autonomous driving technology.
• XPeng’s advanced autonomous driving features are seen as a major driver for the stock’s upgrade, as it gives them a competitive edge in the EV market.
• The partnership between XPeng and Volkswagen includes deepening collaboration in areas such as hardware, software, and digitalization.

Hot take:

Bank of America is revving up the engine of XPeng stock with this upgrade. The collaboration with Volkswagen is like adding a turbo boost to the company’s autonomous driving technology. XPeng is on the right track towards success in the EV market, and investors are eager to jump on board for a thrilling ride. Buckle up!

Original article: https://www.cnbc.com/2023/08/21/bank-of-america-says-this-chinese-ev-stock-can-rally-nearly-50percent.html