HK Stock Market Move | XPENG-W (09868) rises over 3%; the first X3-F land aircraft carrier vehicle for the UAE Advanced Low-Altitude Flight Regulatory Demonstration Zone officially rolls off the production line.

XPENG-W (09868) rose over 3%, up 2.94% as of press time at HK$36.36, with a turnover of HK$98.8197 million. On the news front, according to market media reports, on the evening of October 21, His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the UAE Supreme Council and Ruler of Ras Al Khaimah, led a delegation to visit XPENG AEROHT's flying car mass-production factory, toured the world's first flying car mass-production line, and unveiled the first X3-F land aircraft carrier vehicle to be deployed in the UAE Advanced Low-Altitude Flight Regulatory Demonstration Zone, receiving the experimental unit on site. It is understood that this marks the first key milestone in the implementation of cooperation following the formal signing of a strategic cooperation agreement and the joint launch of the Advanced Air Mobility regulatory sandbox program by both parties in September this year, with cooperation moving from the mechanism level into substantive advancement. In the next phase, the two sides will advance specific work around product certification, cross-emirate route planning, and the establishment of an operating system, exploring a path for the implementation and operation of personal low-altitude flight in the Middle East.