Xpeng (XPEV), a Chinese electric vehicle (EV) maker, saw its shares climb to to a three-year high after the company highlighted new progress in humanoid robots and AI technology. The Hong Kong-listed stock rose 16% on Tuesday, reaching its highest intraday level since July 2022, while U.S.-traded shares gained over 16% to close at $26.04 on Monday.
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The rally came as investors grew more confident that Xpeng can expand beyond electric vehicles and build new businesses around robotics, autonomous driving, and smart mobility.
AI and Robotics Fuel Investor Interest
At a recent technology showcase, Xpeng unveiled its new IRON humanoid robot and updates to its robotaxi platform, drawing strong investor interest. These projects are still early in development, but they highlight Xpeng’s push to grow into areas with long-term potential beyond traditional EVs.
Eugene Hsiao, head of China equity strategy at Macquarie Capital, said Xpeng could expand into several new areas — including extended-range EVs, flying cars, humanoid robots, and AI chips. “Investors are beginning to price in the upside if even one of these bets pays off,” Hsiao said.
Xpeng Leads Chinese EV Stocks
Xpeng stock has jumped more than 120% so far this year, outperforming Chinese peers Nio (NIO), which is up 54%, and Li Auto (LI), which is down 15%.
This sharp rally suggests that investors now see Xpeng as more than an electric vehicle maker. The company is gaining recognition as a growing force in China’s expanding AI and robotics market.
Is XPEV Stock a Buy or Sell?
Currently, Wall Street has a Moderate Buy consensus rating on Xpeng stock based on eight Buys, two Holds, and one Sell. The average XPEV stock price target of $26 indicates 0.15% downside potential from current levels.
