XPeng-W (09868.HK) Popular Stock Analysis Report

XPeng-W (09868.HK) has recently become a popular stock in Hong Kong, driven primarily by two key positive catalysts:

1. Expansion of Localized Production in Southeast Asia
   : On December 23, 2025, XPeng formed a strategic alliance with Malaysia’s EP Manufacturing Berhad, planning to achieve localized mass production of electric vehicles in Malacca State in 2026. This initiative will help reduce production costs and enhance competitiveness in the Southeast Asian market [4].

2. Technical Cooperation with Volkswagen
   : On December 24, 2025, Volkswagen launched the ID.UNYX 08 electric crossover in China, which adopts XPeng’s technology, an 800V electronic architecture, and a 425-mile range, verifying XPeng’s technical strength [1].

In terms of price and volume, XPeng ADR (XPEV) closed at $19.57 on December 24, 2025, down 0.10% from the previous day, with a trading volume of 2.01 million shares, which is lower than the 7-day average of 6.56 million shares [0]. Over the past 7 days, the stock price has fluctuated between $17.92 and $20.10, with key support at $18.00 and resistance at $20.00 [0].

1. Industry Recognition of Technical Strength
   : The cooperation with Volkswagen marks XPeng’s transformation from a ‘new carmaker’ to a ‘technology exporter’, enhancing its industry status and brand value [1].

2. Accelerated International Layout
   : Localized production in Southeast Asia is another important overseas market layout for XPeng following Europe and the Middle East, helping to diversify single-market risks [4].

3. Long-Term Growth Potential Coexists with Short-Term Volatility
   : The average analyst target price of $34.00 indicates long-term growth potential, but the company is currently still in a loss-making state, with a P/E ratio of -30.50x and a net profit margin of -7.10% [0].

• The Southeast Asian electric vehicle market is growing rapidly; localized production is expected to drive sales growth [4]
• Technical cooperation with Volkswagen may bring more collaboration opportunities and technology licensing revenue [1]
• Analyst consensus ‘Buy’ rating and 73.7% potential upside [0]

• The Chinese electric vehicle market is highly competitive; price wars may affect profit margins [0]
• The Malaysian production plan is scheduled for mass production in 2026, which cannot directly contribute to performance in the short term [4]
• The company is still in a loss-making state; improving profitability will take time [0]

XPeng-W (09868.HK) has become a popular Hong Kong stock through technical cooperation and international expansion, with its long-term growth potential recognized by analysts. However, investors need to pay attention to the company’s profitability challenges and market competition risks. Technically, the current stock price fluctuates between $17.92 and $20.10, with key support at $18.00 and resistance at $20.00.