XPeng’s ‘competitive price’ for G6 ‘creates good buzz,’ says Morgan Stanley

Morgan Stanley said the G6’s official starting price of RRM 209,9000 “looks competitive” and creates “good buzz,” adding that a more aggressive pricing strategy and competitive hard-/software features should enable XPeng’s G6 to rival peers. However, good order conversion and a smooth supply ramp-up are now required to advance the stock further and “hold the key to make the G6 a real game-changer,” added the analyst, who keeps an Overweight rating and $12.50 price target on XPeng shares.