Shares of Chinese electric vehicle manufacturer Xpeng climbed sharply in Hong Kong trading following the company’s recent announcements on artificial intelligence and robotics, pushing its market capitalization above HK$200 billion.
Xpeng’s stock rose 15.1 % to HK$105.90 per share, reaching its highest intraday level since March. In U.S. markets, its American depositary shares closed at $26.04, up 16.2 % overnight.
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The surge followed Xpeng’s AI Day event on November 5, 2025, where it unveiled its next-generation humanoid robot, “IRON,” and announced plans to launch three robotaxi models in 2026. Each robotaxi will be equipped with four in-house developed Turing AI chips, providing up to 3,000 TOPS of computing power.
The humanoid robot attracted attention for its lifelike movements, prompting some speculation about whether it contained a human operator, which the company later clarified. In addition, Xpeng started pre-sales for its extended-range X9 multi-purpose vehicle, its first extended-range electric vehicle, with the official launch scheduled later this month.
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Xpeng delivered 116,007 vehicles in the previous quarter, marking its fourth consecutive record-breaking quarter. Analysts say the stock rally reflects investor optimism about the company’s expansion into robotics and AI-driven mobility services, alongside its core electric vehicle business.
Separately, Volkswagen Anhui, a majority-owned joint venture by Volkswagen in China, filed regulatory documents for the ID.UNYX 08 SUV. This model is reportedly the first jointly developed vehicle under the partnership between Volkswagen and Xpeng announced in July 2023.
