XPeng-W (09868.HK) Market Performance and Dynamics Analysis on December 30, 2025

XPeng-W (09868.HK) as a hot target in the Hong Kong stock market’s new energy vehicle sector, its recent market performance is driven by multiple factors. At the policy level, the Hong Kong auto sector rose collectively on December 29 due to positive policy signals such as new car subsidies and car replacement subsidies in 2026 [3]. At the company level, XPeng is accelerating its expansion into the Middle East and African markets, establishing a strategic partnership in Mauritius and launching its brand in Qatar [1]; the FastDriveVLA autonomous driving visual Token pruning framework developed in collaboration with Peking University was accepted by AAAI 2026, demonstrating its continuous R&D strength in the AI field [2]. Financially, the company’s losses have narrowed significantly in line with other new energy vehicle companies like NIO, moving toward profitability [5].

Price and交易量方面, On December 29, XPeng’s stock price rose by approximately 5.72%-6.37%, closing at around HK$80.45-HK$80.75 with a trading volume of HK$8.6 billion [1][3]; on December 30, the stock price fell slightly by 0.13% to around HK$78.95 [5].

1. Policy and Technology Resonance
   : Policy support in the new energy vehicle industry and the company’s AI technology breakthroughs form a positive resonance, enhancing market expectations for XPeng’s long-term competitiveness.
2. Overseas Market Layout
   : Expansion into the Middle East and African markets provides new growth space for the company and helps reduce dependence on the domestic market.
3. Financial Improvement Trend
   : Narrowing losses indicate improved cost control and operational efficiency, strengthening investors’ confidence in its profit prospects.

• The intensity of new energy vehicle purchase tax reductions will decrease in 2026, which may put pressure on the market in the first quarter [3];
• The global electric vehicle market is highly competitive, and the company needs to continuously maintain technological and product advantages;
• The stock price is susceptible to market sentiment and policy changes, with high volatility risk.

• Policy support will continue to provide impetus for the development of the new energy vehicle industry;
• AI technology breakthroughs help enhance product differentiation competitiveness and seize market share in intelligent driving;
• Overseas market expansion brings new growth opportunities for the company.

XPeng-W (09868.HK) has shown strong recent market performance, driven by multiple favorable factors such as policy, technology, finance, and overseas layout. Despite risks like the reduction of car purchase tax incentives, the company’s development trend is positive. Investors should pay attention to whether the stock price can break through the recent high of around HK$80.75 and the market’s reaction to policy changes in 2026.

[0]: Ginlix InfoFlow Analysis Database
[1]: hk.investing.com
[2]: www.stcn.com
[3]: cj.sina.cn
[5]: www.futunn.com