HK Stock Market Move | XPENG-W (09868) fell more than 5%, still up over 1.1 times year-to-date. The third-quarter report will be released next week.

XPENG-W(09868) fell by more than 5%, but the stock price has still risen by over 1.1 times since the beginning of the year. As of the time of writing, it has dropped by 5.1% to 100.5 Hong Kong dollars, with a turnover of 1.66 billion Hong Kong dollars. On the news front, XPeng Motors plans to hold a board meeting on November 17th (next Monday) to consider and approve the third quarter performance of the company and its subsidiaries for the three months ending September 30, 2025 and its release. A research report from JPMorgan pointed out that XPeng Motors' stock price has more than doubled since the beginning of the year, mainly due to market expectations that the company will turn a profit from the fourth quarter onwards. The bank believes that the next major growth drivers in 2026 to 2027 will come from the company's recent AI initiatives, including Robotaxi, humanoid Siasun Robot & Automation, and flying cars, all powered by AI developed in-house. The bank believes that although the new initiatives mentioned above are not expected to contribute significantly to revenue until the second half of 2026 or the fourth quarter, and the market has not fully estimated the company's prospects for 2027, when visibility of the technology improves, the company's stock price will actively reflect its AI vision from the second quarter or second half of next year. In pessimistic, fundamental, and optimistic scenarios, the bank expects potential upside of 85%, 120%, and 200% respectively.