09868 Overview

Company Announcement: XPENG-W (09868.HK) has launched the 2026 XPENG X9 Pure Electric Edition, featuring advanced technology and design elements.

Product Features: The new model includes 800V+5C ultra-fast charging, a Turing AI chip, active rear-wheel steering, and innovative seating with dual zero-gravity airbags.

Pricing and Variants: The 2026 XPENG X9 is available in five variants, priced between RMB309,800 and RMB369,800.

Market Context: The stock is currently experiencing short selling activity, with a ratio of 30.460% and a short selling value of $168.54 million.

Launch of VLA 2.0: XPENG-W held its VLA 2.0 intelligent driving launch event, introducing two solutions: a foundational L2++ experience and an advanced L4 experience aimed at achieving driverless capabilities.

Global Road Testing and Deliveries: The VLA 2.0 will begin global road testing soon, with full deliveries expected in 2027, facilitating XPENG-W's international expansion in intelligent driving without the need for extensive local adaptations.

Investment in R&D: The company has invested over 2 billion in R&D and 30,000 card computing power to enhance its autonomous driving technology.

Future of Autonomous Driving: XPENG-W's CEO predicts that full self-driving will become a part of daily travel within the next 1-3 years, marking a significant shift in transportation habits.

Vehicle Deliveries: XPENG-W reported a total of 15,256 vehicle deliveries in February, marking a 49.9% decrease year-over-year.

Global Expansion: The company has commenced global deliveries of the new XPENG P7+, with shipments starting to 18 countries.

Upcoming Product Launch: XPENG-W is set to unveil its 2nd Gen VLA at an event on March 2, ahead of its official rollout later in March.

Market Activity: The stock experienced a decline of 2.56%, with significant short selling activity amounting to $168.54 million and a short selling ratio of 30.46%.

XPENG-W's Milestone: XPENG-W has unveiled its first full-chain mass production base for humanoid robots in Guangzhou, marking a significant step in the industrialization of this technology.

Strategic Cooperation: The company has entered into a strategic cooperation framework with the Tianhe District government to advance the embodied intelligence industry, coinciding with the construction of the Embodied Intelligence Industrial Park.

Production Goals: XPENG's Chairman and CEO, He Xiaopeng, aims for the company to become the world's leading large-scale producer of advanced humanoid robots by the end of this year.

Market Activity: The stock has experienced a decline of 1.899%, with significant short selling activity reported at $176.47 million and a ratio of 17.191%.

Stock Performance: XPENG-W (09868.HK) saw a 1.628% increase in stock price, with short selling amounting to $78.20 million and a ratio of 15.114%.

Sales Achievement: The Xpeng X9 has ranked first in the new energy MPV sales chart for January 2026, as announced on the company's Weibo account.

Product Launch: The 2026 Xpeng X9 BEV version is set to be officially launched on March 2, 2026.

Product Features: The new X9 lineup includes features such as a 750 km ultra-long range, 5C supercharging with 800V, electrically foldable seats in all rows, and the Turing AI chip, aligning with powerx models.

XPeng X9 Launch Announcement: He Xiaopeng, Chairman of XPENG-W, announced that the 2026 XPeng X9 BEV version will be launched on March 2, with pre-orders currently open.

Vehicle Specifications: The new XPeng X9 will feature five models, an 800V high voltage platform, a 5C supercharging AI battery, and a maximum CLTC pure electric range of 750 kilometers.