XPeng-W (09868.HK) 2025 Hot Stock Analysis: AI Strategy and New Businesses Drive Growth

XPeng-W (09868.HK) has been included in the East Money App Hong Kong Stock Market Popularity List (Tushare dc_hot) [0], becoming one of the hot targets in the 2025 Hong Kong stock market. As a leading Chinese smart electric vehicle manufacturer, the company has continued to invest in AI technology and new business expansion in recent years, driving outstanding stock price performance.

1. AI Strategy Layout
   : At its 2025 Tech Day, the company released its “Physical AI” strategy, launching four major applications: the second-generation VLA large model, Robotaxi, humanoid robots, and flying cars [0]. Among them, the launch of the A868 flying car (CleanTechnica [9]) marks the company’s breakthrough in the low-altitude travel sector.
2. Robotaxi Business
   : It plans to launch L4-level Robotaxi services in 2026 and operate in cooperation with Amap [0], seizing the trillion-yuan autonomous driving market in China (expected to exceed 1.18 trillion yuan by 2025 [0]).
3. Improved Financial Performance
   : The net loss narrowed significantly in the third quarter, approaching profitability, and the market expects a turnaround in the fourth quarter [0][8].

Multiple international investment banks have raised the company’s target price:

• JPMorgan significantly raised its target price from HK$100 to HK$195, expecting the AI layout to drive stock price growth in the second quarter of 2026 [0][4].
• Bank of America Securities raised its target price to HK$105 and reaffirmed its “Buy” rating [3].
• Citi gave XPeng (XPEV.US) a target price of US$29.4, optimistic about the pull effect of new businesses on the stock price [5].

The company’s stock price has risen over 130% year-to-date, becoming one of the best-performing stocks in the new energy vehicle sector [0]. Bloomberg reports show that the company’s stock price hit an eight-month high in November 2025, mainly driven by optimistic sentiment about humanoid robot progress [7]. In the future, with the launch of Robotaxi services, the commercialization of flying cars, and the continuous iteration of AI technology, the company is expected to further expand its growth space.

Despite the current positive performance, potential risks such as slower-than-expected commercialization progress of new businesses and intensified market competition need to be noted [0].