Xpeng Shares Surge to Three-Year High Amid Robot Tech Breakthroughs and Record Deliveries
Xpeng's Hong Kong-listed shares soared 18% on Tuesday, marking their highest level since July 2022. The rally reflects investor enthusiasm for the Chinese EV maker's dual breakthroughs in robotics and autonomous driving, alongside a fourth consecutive month of record vehicle deliveries.
October deliveries surged 76% year-over-year to 42,013 vehicles, driving triple-digit revenue growth in recent quarters. The company's unveiling of its IRON humanoid robot and plans to launch three robotaxi models next year with Volkswagen partnership have expanded its market narrative beyond electric vehicles.
Year-to-date gains of over 130% in Hong Kong trading significantly outpace rivals Nio and Li Auto. Trading volumes spiked during the rally, which represents the stock's largest single-day jump in more than two years.
