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Report: Xpeng to Launch 4-Legged Ridable Robot
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Report: Xpeng to Launch 4-Legged Ridable Robot

China-based EV maker Xpeng Inc. (XPEV) plans to launch a four-legged ridable robot for children, a report by StreetInsider.com said. The company designs, develops, produces, and sells EVs, while also offering bank loans, an autonomous driving software system, auto insurance, and vehicle leasing services.

The Robotic Unicorn, called Little White Dragon, features power modules, intelligent emotional interaction, intelligent navigation, and motion control capabilities. While XPeng did not display a physical robot, it released photos and a video of the toy, which showed it to be as tall as a small boy.

CEO of Xpeng, He Xiaopeng said, “Banking on our capabilities in autonomous driving, voice recognition and smart manufacturing, Xpeng will move into the robotics field by making the most of the technologies we grasp. Our first goal is to churn out a low-speed rideable robotic pony for transport purpose.”

The company did not reveal any timeframe for the production and commercialization of the robot. Meanwhile, its shares closed 5.1% higher, at $41.77 on Tuesday. (See Xpeng stock charts on TipRanks)

Last month, Deutsche Bank analyst Edison Yu reiterated a Buy rating on the stock, with a price target of $51 (22.1% upside potential).

Overall, the stock has a Strong Buy consensus rating, based on six unanimous Buys. The average Xpeng price target of $56 implies 34.1% upside potential. The company’s shares have gained 135.6% over the past year.

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