XPeng Issues Recall Due to Steering Defect, Alerting Vehicle Owners
Recall Announcement: XPeng Inc. has initiated a recall of 47,490 P7+ electric sedans due to a potential steering-assist defect, with repairs starting September 15 at no cost to owners.
Vehicle Details and Market Performance: The P7+ sedan, launched in November 2024, has delivered 72,546 units and represents over 20% of XPeng's total deliveries from January to August; the stock has increased by over 138% in the past year.
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Nio's Record Deliveries: Nio Inc. achieved a record delivery of 40,397 vehicles in October, marking a 92.6% year-over-year increase, with cumulative deliveries reaching 913,182 vehicles.
Li Auto's Expansion: Li Auto reported 31,767 deliveries in October and opened its first store in Uzbekistan, focusing on growth in Central Asia, the Middle East, and Europe, while lifetime deliveries reached 1,462,788 vehicles.
XPeng's Growth: XPeng delivered 42,013 vehicles in October, a 76% increase year-over-year, and expanded into seven new international markets, with a total of 355,209 units delivered in the first ten months of 2025.
Stock Performance: NIO and XPeng stocks have seen significant gains over the past year, with NIO up over 42% and XPeng up over 103%, while Li Auto's stock has dropped over 16%.
Recall Announcement: XPeng Inc. has initiated a recall of 47,490 P7+ electric sedans due to a potential steering-assist defect, with repairs starting September 15 at no cost to owners.
Vehicle Details and Market Performance: The P7+ sedan, launched in November 2024, has delivered 72,546 units and represents over 20% of XPeng's total deliveries from January to August; the stock has increased by over 138% in the past year.

Unitree Robotics IPO Plans: Unitree Robotics is set to file for an IPO later this year, potentially valuing the company at around 50 billion yuan ($7 billion), making it one of China's most anticipated IPOs. The listing location remains undecided among Shanghai, Beijing, or Shenzhen.
Company Background and Future Goals: Founded in 2016 by Wang Xingxing, Unitree Robotics focuses on affordable quadruped robots and aims to enhance humanoid robot capabilities by 2026, targeting improvements in perception and task performance for general-purpose applications.

World Humanoid Robot Games
- Event Overview: The inaugural World Humanoid Robot Games took place in Beijing, featuring a variety of athletic challenges, cognitive tests, and artistic performances aimed at evaluating the agility, intelligence, and human-like characteristics of humanoid robots.
- Unitree Robotics' Performance: Unitree Robotics emerged as a standout participant, winning 11 medals, including four golds, and setting records in multiple events such as the 400-meter dash and the 4×100-meter relay.
Unitree Robotics
- Company Background: Founded in 2016 by Wang Xingxing, Unitree Robotics initially focused on creating affordable and agile legged robots, gaining recognition for its quadruped models and aiming to provide advanced robotics at lower costs compared to Western firms.
- Future Aspirations: By 2026, Unitree aims to enhance humanoid robot capabilities in perception and task execution, aspiring to develop general-purpose robots that can operate in diverse environments beyond mere demonstrations.
Investment and Shareholding
- Shareholder Structure: Wang Xingxing is the largest shareholder, with Meituan holding approximately 8.24%. Other notable investors include the Beijing Robot Industry Fund and Shoucheng Holdings, alongside major tech companies like Tencent, Alibaba, and ByteDance participating in the latest funding round.
- IPO Plans: Unitree Robotics has initiated steps towards a potential initial public offering in China, indicating its growth trajectory and market ambitions.
Competitors in Humanoid Robotics
- Key Players: The humanoid robotics sector includes significant competitors such as Tesla, Boston Dynamics, Agility Robotics, and others, with various companies backed by major investors like Google and Hyundai.
Humanoid Robotics ETFs
- Investment Opportunities: Several ETFs focus on humanoid robotics, including Roundhill Humanoid Robotics ETF, KraneShares Global Humanoid & Embodied Intelligence Index ETF, and others, providing avenues for investors interested in this emerging field.
Humanoid Robots and Market Potential: Rapid advancements in AI and robotics are making humanoid robots a reality, with predictions that the market could exceed $5 trillion by 2050 and over 1 billion humanoids in use, primarily for industrial purposes.
Investment Opportunities: Investors can now access two ETFs focused on humanoid robotics—Roundhill Humanoid Robotics ETF (HUMN), which is actively managed with significant holdings in Tesla and NVIDIA, and KraneShares Global Humanoid and Embodied Intelligence Index ETF (KOID), which follows an index-based strategy.
ETF Inflows: The HUMN ETF experienced the largest increase in inflows, adding 100,000 units, which represents a 40.0% rise in outstanding units.
Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.









