XPeng-W (09868.HK) Hong Kong Hot Stock Analysis

As a Hong Kong hot stock, XPeng-W (09868.HK) has recently attracted market attention. The company delivered 36,728 units in November, up 19% year-on-year but down 12.6% month-on-month [2], indicating short-term fluctuations in growth momentum. Technically, from December 1 to 4, the stock price first came under pressure due to delivery data and then rebounded. On December 4, it rose by 2.83% with a trading volume of 22.54M, which was higher than the 9-day average (~19.08M) [0]. Fundamentally, the X9 model launched in cooperation with Huawei has achieved a 1,602 km range [4]. In the fields of AI and robotics, the company is advancing the VLA 2.0 autonomous driving platform, robotaxi project, and the 2026 humanoid robot mass production plan [6]. These technical layouts have raised market expectations for its long-term development.

The increased popularity of XPeng-W is related to multiple factors: 1) Technical cooperation with Huawei has enhanced its product competitiveness; 2) Layouts in AI and robotics align with current market attention on intelligent mobility and technological transformation; 3) The short-term rebound in stock price and increased trading volume indicate a slight recovery in market sentiment. However, it should be noted that its valuation is still in a negative P/E state (-30.75x) [0], and it faces challenges such as fierce competition in the EV market (strong performance of competitors like BYD) and continuous losses.

: 1) The month-on-month decline in deliveries may reflect demand fluctuations; 2) Intensified competition in the EV market squeezes profit margins; 3) High valuation and continuous losses bring financial pressure; 4) Large investment in technology R&D and uncertainty in the implementation of results [0].
: 1) Cooperation with Huawei is expected to increase product market share; 2) Layouts in AI and robotics provide new impetus for future growth; 3) Breakthroughs in autonomous driving technology may enhance brand differentiation advantages [4][6].

XPeng-W (09868.HK) has recently become a Hong Kong hot stock, mainly due to its cooperation with Huawei and technical layouts in AI and robotics. The company’s delivery data shows short-term fluctuations, while its stock price and trading volume have rebounded. The analyst consensus rating is Hold. The market is concerned about its long-term technical prospects, but competition pressure and financial risks need to be vigilant.