XPeng Inc.-W (09868.HK) Hot Stock Analysis Report

XPeng Inc.-W (ticker: 09868.HK, American Depositary Receipt: XPEV) belongs to the automobile manufacturer segment within consumer cyclical stocks. As of December 31, 2025, its closing price was $20.28 with a market capitalization of $19.27B[0].

XPeng has recently become a market focus, mainly driven by multiple positive factors:

• Product & Technology Upgrade
  : On December 31, 2025, it launched the 2026 models P7+ and G7, equipped with the 2nd-gen VLA intelligent driving system (based on the self-developed Turing AI chip with a computing power of 2,250 TOPS). Among them, the G7 Super Extended Range version has a combined range of 1,704 km and supports 800V 5C ultra-fast charging[0][1].
• Favorable Policies
  : On December 30, 2025, Beijing announced an extension of the 2026 electric vehicle replacement subsidy policy, alleviating market concerns about policy withdrawal and driving a collective rise of new energy vehicle manufacturers[0][2].
• Technological Breakthrough
  : A paper on efficient in-vehicle large model deployment, co-authored with Peking University, was accepted by AAAI 2026, demonstrating its technical strength in the field of autonomous driving AI[0][3].
• Market Expansion
  : On December 28, 2025, it announced entry into the Qatari market, accelerating its global layout[0][4].

From December 20 to December 31, 2025, XPeng ADR (XPEV) fluctuated from $20.02 to $20.28. On December 26, the stock price rose 4.79% to $20.78 with a trading volume of 14.17 million shares, far exceeding the previous 5-day average volume (about 4.6 million shares), reflecting the market’s positive response to the Qatar expansion news[0]. Consumer cyclical stocks overall fell by 1.04782% in the same period, and XPeng significantly outperformed the sector[0].

• Analyst Views
  : Among 30 analysts, 18 gave a buy rating, 6 gave a hold rating, and 6 gave a sell rating. The consensus target price is $34.00, representing an upside potential of 67.7% from the current price[0].
• Institutional Activity
  : Arrowpoint Investment Partners sold 500,000 shares (about $9 million) on December 29, but this did not affect the overall upward trend[0][5].
• Technical Aspects
  : The volume-driven rise on December 26 indicates positive market sentiment, with support at around $20.00 and resistance at $21.19[0].

1. Policy & Product Technology Resonance
   : The extension of Beijing’s electric vehicle subsidy policy and the technical upgrade of XPeng’s new models form a superimposed effect, becoming the core driver of the stock price rise.
2. Technological Breakthrough Enhances Long-Term Competitiveness
   : The acceptance of the in-vehicle large model research paper by AAAI shows XPeng’s technical layout in the AI field, which is expected to consolidate its competitive advantage in the autonomous driving field.
3. Overseas Expansion Opens New Growth Points
   : Entry into the Qatari market marks the further advancement of XPeng’s global layout, providing new momentum for future growth.
4. Volume Surge Reflects Increased Market Attention
   : The high trading volume on December 26 indicates investors’ high attention to XPeng’s recent developments, and market sentiment tends to be positive.

• The high-performance configuration of new models (long range, fast charging, intelligent driving) is expected to attract more consumers and increase market share.
• Policy extension provides continuous support for electric vehicle demand, benefiting new energy vehicle manufacturers like XPeng.
• Global market expansion (such as Qatar) brings new growth space for the company.
• There is a large gap between the analyst consensus target price and the current price; if fundamentals continue to improve, the stock price may have further upside potential[0].

• Insufficient Profitability
  : XPeng’s current net profit margin is -4.04%, still in a loss state, so its progress in turning losses into profits needs continuous attention[0].
• Fierce Industry Competition
  : There are many competitors in the Chinese electric vehicle market (such as BYD, Tesla, etc.), and there is great pressure to compete for market share[0].
• High Policy Dependence
  : The company’s performance is greatly affected by government electric vehicle subsidy policies, and policy adjustments may bring uncertainty[0].
• Overseas Market Challenges
  : The slowdown in global economic growth may affect demand in overseas markets, bringing risks to market expansion[0].

XPeng Inc.-W (09868.HK) has recently become a hot stock due to product technology upgrades, favorable policies, technological breakthroughs, and market expansion. Its ADR (XPEV) saw a volume-driven rise on December 26, 2025, outperforming the sector in the same period. Analysts are generally optimistic about its future trend, but the company still faces risks such as insufficient profitability and fierce competition. Investors need to consider various factors comprehensively and evaluate investment decisions carefully based on their own situation.