- At press time, Xpeng was up 15.11 percent in Hong Kong, with its market cap returning above HK$200 billion.
- Recent announcements regarding AI advancements have triggered a reassessment of Xpeng's valuation.
Xpeng (HKG: 9868) surged in early Hong Kong trading as recently announced AI advancements, including humanoid robot, sparked a revaluation of the company's stock.
At press time, Xpeng was up 15.11 percent to HK$105.90 per share, marking its highest intraday level since March 13.
The surge pushed its market cap back above HK$200 billion to HK$202.2 billion.
Xpeng surged 16.15 percent overnight in US trading to close at $26.04 per ADS.
The company will release its third-quarter earnings on November 17. It delivered 116,007 vehicles last quarters, marking its fourth consecutive record-breaking quarter.
The stock's rally likely stems from last week's series of AI advancements, fueling investor optimism.
At its November 5, 2025 AI Day event, Xpeng unveiled its next-generation Iron humanoid robot. Its lifelike appearance led many to suspect the company had hidden a real person inside the demonstration prototype.
Xpeng subsequently unzipped the humanoid robot to dispel these doubts.
Tesla (NASDAQ: TSLA) CEO Elon Musk took note of the humanoid robot, saying that Tesla and Chinese companies will dominate this market in the future.
At the 2025 AI Day, Xpeng also announced plans to launch three robotaxi models in 2026, each equipped with four of Xpeng's in-house developed Turing AI chips, delivering a computing power of up to 3,000 TOPS.
On the second day of the event, Xpeng commenced pre-sales for its extended-range X9 MPV (multi-purpose vehicle), its first extended-range electric vehicle (EREV), with official launch scheduled for later this month.
Additionally, Volkswagen Anhui -- a majority-owned joint venture in China by German automaker Volkswagen -- filed regulatory documents for the ID.UNYX 08 SUV (sport utility vehicle), according to a catalog released yesterday.
CnEVPost learned from a source that this model is the first jointly developed vehicle following the partnership announced by Volkswagen and Xpeng in July 2023.
