November 11, 2025 — XPeng Inc. (NYSE: XPEV; HKEX: 9868) ripped higher today as enthusiasm around the company’s humanoid robot IRON and a fast‑developing robotaxi program spilled over from last week’s AI Day into markets. Hong Kong–listed shares jumped as much as ~18% intraday, while U.S. ADRs traded sharply higher, marking XPeng’s biggest one‑day pop in over two years, according to multiple market reports. [1]
What happened today (Nov. 11, 2025)
- Hong Kong closes strong: XPENG‑W (9868.HK) finished the session up roughly ~18%, helping lift the Hang Seng even as chip names lagged. [2]
- U.S. trade runs hot: In pre‑market action, XPEV ranked among the most active issues, quoted around $27.15 before settling near $26 by early afternoon U.S. time. [3]
- Street chatter turns bullish: A Morgan Stanley note lifted its XPeng price target to $34 (from $30), citing improving fundamentals and AI optionality. [4]
- Market‑cap milestone in HK: At one point intraday, XPeng’s Hong Kong market value topped Geely’s, underscoring how quickly sentiment has swung toward XPeng’s AI roadmap. [5]
Why the stock is jumping
1) Humanoid robot ‘IRON’ becomes a mainstream storyline.
XPeng’s next‑gen IRON took center stage after AI Day (Nov. 5). Coverage highlighted lifelike motion, real‑time interaction, and a plan to use solid‑state batteries in the robot platform, with mass production targeted by end‑2026. The spectacle even included a viral on‑stage demo to dispel “man‑in‑a‑suit” rumors. [6]
2) Robotaxi launch path gets clearer.
XPeng has teamed up with Alibaba’s Amap to integrate its self‑developed robotaxis directly into China’s dominant mapping/ride‑hailing app, with trial operations slated for 2026. Separate reporting emphasizes XPeng’s end‑to‑end approach (chips, software, vehicles) as a potential cost edge when services scale. [7]
3) Momentum into earnings.
Beyond the headlines, investors are front‑running next week’s print. The company will report Q3 2025 results on Monday, Nov. 17 at 8:00 a.m. ET, a catalyst now amplified by the AI narrative and robust delivery run‑rate. [8]
By the numbers: the fundamentals behind the hype
- Deliveries: XPeng delivered 116,007 vehicles in Q3 2025, up 149% YoY, and a record 42,013 units in October—its fourth straight monthly high. [9]
- Outlook (from prior guidance): In August, XPeng projected Q3 revenue up ~94%–108% YoY on 113,000–118,000 deliveries—targets consistent with the actual Q3 delivery tally. [10]
- Stock context: Over the past year, XPEV’s 52‑week range has been $11.15–$27.16, with today’s surge pushing toward the top end of that band. [11]
What’s new today vs. last week’s AI Day
- Official reveals (Nov. 5): XPeng unveiled VLA 2.0, the Robotaxi platform, Next‑Gen IRON, and two ARIDGE (flying‑systems) updates—an integrated “Physical AI” roadmap that links vehicles, robots, and aerial mobility. [12]
- Follow‑through media coverage (today): Automotive tech outlets and market news wires amplified those demos, helping spark today’s rally in Hong Kong and the U.S. ADR. [13]
Street & market color from today
- Analysts: Alongside the Morgan Stanley move to $34, several services flagged bullish options flow into the print. (As always, options‑led momentum can cut both ways.) [14]
- Price action superlatives: Multiple outlets called it XPeng’s best day in over two years and one of the sharpest one‑day moves since 2022, reflecting how AI narratives can re‑rate EV makers. [15]
Earnings setup: what to watch on Nov. 17
- Gross margin & mix: Whether the October record and the MONA M03/G6/G7 mix are improving unit economics as scale builds. [16]
- Software monetization: Progress on ADAS/“XNGP” attach rates and any early indications of robotaxi commercialization milestones. (WSJ and Reuters reporting points to 2026 pilot timing with Amap.) [17]
- Capex & AI spend: Any updates on robotics investment cadence and partnerships (e.g., batteries, compute), following the company’s stated ambitions in humanoids. [18]
Quick Facts (Nov. 11, 2025)
- HK move: ~18% intraday jump for 9868.HK; Hang Seng finished modestly higher with XPENG‑W among the top contributors. [19]
- U.S. ADR: Heavy activity around $26–$27 during the U.S. session after a brisk pre‑market. [20]
- Fresh PT:$34 at Morgan Stanley (today). [21]
- Key near‑term date:Q3 results — Monday, Nov. 17, 8:00 a.m. ET. [22]
The bottom line
Today’s surge wasn’t just another EV short squeeze—it was a broad re‑rating on XPeng’s “Physical AI” story: robots, robotaxis, and intelligent EVs under one roof. With record deliveries, a newly energized Street narrative, and a major earnings catalyst five trading days away, XPeng just moved from niche to front‑page in the global EV conversation. Execution on margins and a credible 2026 robotaxi path will determine whether the rerating sticks. [23]
Note: This article is for information purposes only and is not investment advice. Markets are volatile; always do your own research and consider seeking independent financial advice before making investment decisions.
References
1. finance.yahoo.com, 2. www.aastocks.com, 3. www.nasdaq.com, 4. www.investing.com, 5. chinaevhome.com, 6. www.motortrend.com, 7. www.reuters.com, 8. ir.xiaopeng.com, 9. ir.xiaopeng.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.xpeng.com, 13. www.motortrend.com, 14. www.investing.com, 15. www.bloomberg.com, 16. ir.xiaopeng.com, 17. www.wsj.com, 18. www.ft.com, 19. www.aastocks.com, 20. www.nasdaq.com, 21. www.investing.com, 22. ir.xiaopeng.com, 23. ir.xiaopeng.com
