Bocom Intl research reports pointed out on October 24th, Xpeng (09868) held the "Xpeng P7+AI Asia Vets Technology Share and Pre-release AI Tianji 5.4.0 Event", announcing that the Xpeng P7+ first launched with the AI Tianji 5.4.0 end-to-end AI smart driving new version and shared its achievements and direction in the smart driving field. Xpeng emphasized the importance of end-to-end large models, and the "cloud-side large model" is considered critical. According to the company's road map, by the third quarter of 2025, Xpeng will achieve L3 intelligent assisted driving, with less than 1 handover per 100 kilometers; by 2026, it will achieve "driving with no one at the driver's seat in some low-speed scenarios".

Xpeng stated that the Xpeng P7+ first launched with the AI Tianji 5.4.0, and the subsequent AI Tianji 5.4.0 will simultaneously start public testing on multiple models, covering models like Xpeng X9, G9, G6, P7i, and more. Xpeng also mentioned that starting from the Xpeng P7+, there will no longer be a Pro/Max version distinction, with AI Asia Vets being standard across the board, updated simultaneously, and with a consistent experience. This means that every user who purchases the Xpeng P7+ will enjoy the most advanced smart driving technology. The sector expects this to accelerate the popularization of smart driving technology. Previously, the pre-sale price given by Xpeng P7+ at the Paris Motor Show was 0.2098 million yuan, and the sector expects the Xpeng P7+ to become another popular model after the Xpeng MONO M03. The current target price is 77.36 Hong Kong dollars/19.91 US dollars, corresponding to 2 times the 2025 forecasted p/s. Rated as buy.