XPeng Shares Surge to Three-Year High on AI and Robotics Optimism
XPeng's stock soared to its highest level in three years as investors cheered the Chinese EV maker's advancements in humanoid robotics and AI technology. The Hong Kong-listed shares surged 16% on Tuesday, while U.S.-traded counterparts gained over 16% to $26.04.
The rally reflects growing confidence in XPeng's ability to diversify beyond electric vehicles into high-growth areas like autonomous driving and smart mobility. At a recent tech showcase, the company unveiled its IRON humanoid robot and updates to its robotaxi platform, signaling ambitions in next-generation transportation.
"Investors are beginning to price in the upside if even one of these bets pays off," said Macquarie Capital's Eugene Hsiao, noting potential expansion into flying cars, AI chips, and extended-range EVs. XPeng's 120% year-to-date gain far outpaces sector peers.
