HK Stock Market Move | XPENG-W (09868) rose nearly 6% recently announced that the second generation VLA will officially start pushing users this month.

XPENG-W (09868) rose nearly 6%, as of press time, rose 4.59% to HKD 64.95, with a turnover of HKD 656 million. On the news front, on March 2nd, according to Economic Daily, Xiaopeng Motors held the second-generation VLA media experience day in Guangzhou and announced that the second-generation VLA (Visual Language Action Model) will officially start pushing to users in March. As a physical world model created by the company for fully autonomous driving goals, the second-generation VLA attempts to complete a "reconstruction" in the technical paradigm, a key point in the transition of the automotive industry from L2 to higher level intelligent driving. At the same time, at the event, the 2026 Xiaopeng X9 pure electric version was simultaneously launched, forming a "dual-energy vehicle" product portfolio, providing the first batch of important landing directions for the second-generation VLA. Changjiang believes that the continuous advancement of smart driving leads to the construction of a core moat in the AI era, and the upgrade of Xiaopeng Motors' smart driving VLA is expected to bring a leap. The bank also points out that in 2026, the company is in a year of new car releases, and the continuous increase in the expected launch of multiple new cars will enhance the sales cycle.