Goldman Sachs believes that XPeng's next phase of growth has gradually expanded from simply selling cars to four parallel lines: "new model volume expansion, overseas expansion, commercialization of autonomous driving, and humanoid robots." The fourth quarter of 2026 is a crucial milestone for several businesses to begin realizing their full potential (monthly delivery target of 60,000 vehicles, overseas deliveries of 40,000 vehicles, and the opening of the L4 Robotaxi plan to the public). Therefore, Goldman Sachs maintains its "Buy" rating with a 12-month target price of $18 for US shares and HK$69 for Hong Kong shares. (The above views are from Goldman Sachs' September 1st report.)