10 Best Asian Stocks with Huge Upside Potential

7. XPeng Inc. (NYSE:XPEV)

On May 28, 2026, Macquarie analyst Eugene Hsiao upgraded XPeng Inc. (NYSE:XPEV) to Outperform from Neutral with an unchanged $19 price target after the company’s Q1 results. Hsiao cited XPeng’s margin-driven beat, including over 2 billion yuan in other revenue supported by VW technical services. Macquarie also noted that volume momentum is improving and said the shares now have more than 10% upside.

Also on May 28, BofA raised the firm’s price target on XPeng Inc. (NYSE:XPEV) to $25 from $24 and maintained a Buy rating on the shares. BofA said XPeng’s Q1 results highlighted rapidly growing overseas sales, which accounted for 20% of revenue during the quarter. The firm also noted management’s target of more than 10,000 monthly overseas unit sales by Q4 and over 100% annual growth, while pointing to higher international profitability and emerging businesses such as robotaxis and humanoid robots.

Earlier that day, XPeng Inc. (NYSE:XPEV) reported Q1 revenue of $1.89B, compared to $2.18B last year. Total vehicle deliveries were 62,682 for the quarter. Chairman and CEO Xiaopeng He said the company will deliver four new models this year, following the launch of the GX, and is focused on mass production of Robotaxis and humanoid robots. XPeng also expects Q2 deliveries of 100,000-106,000 vehicles. Vice Chairman and Co-President Hongdi Brian Gu said gross margin surpassed 20% in Q1, supported by in-house technology innovation and rising international revenue.

XPeng Inc. (NYSE:XPEV) designs, develops, manufactures, and markets smart electric vehicles in the People’s Republic of China.