XPENG-W Allegedly Consolidates Two Intelligent Departments to Concentrate AI Efforts on Smart Driving and Other Business Areas
Department Merger: XPENG-W has merged its autonomous driving center and intelligent cockpit center into a new General Intelligence Center, led by Liu Xianming, who reports directly to CEO He Xiaopeng.
New Team Structure: The merger has resulted in a new team system focused on AI and software, aiming to enhance organizational capabilities and streamline operations across smart driving, smart cockpit, and robotics.
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Citi Reduces XPENG-W (09868.HK) Price Target to $107.8 and Lowers Earnings Projections Due to Valuation of Robotics Business Integration
XPENG-W Humanoid Robots: Citi Research anticipates that XPENG-W will deliver approximately 1,000 humanoid robots in the fourth quarter of 2026, with an average selling price projected at RMB1.23 million and a gross profit margin of 35%.
Target Price Adjustment: The brokerage revised its target prices for XPENG-W's H-shares and US stock down to $107.8 and $27.6, respectively, while maintaining a "Buy" rating, reflecting changes in earnings forecasts and valuation methods.
Revenue and Loss Forecasts: Citi Research has reduced its 2025 revenue forecast for XPENG-W by 5% and increased its net loss forecast by 12% to RMB1.501 billion, indicating challenges in profitability.
Vehicle Profit Margins: The report predicts a decline in vehicle gross profit margin to 11.7% in the fourth quarter of 2025, although a slight profit of approximately RMB22 million is still expected for that quarter.
XPENG-W Allegedly Consolidates Two Intelligent Departments to Concentrate AI Efforts on Smart Driving and Other Business Areas
Department Merger: XPENG-W has merged its autonomous driving center and intelligent cockpit center into a new General Intelligence Center, led by Liu Xianming, who reports directly to CEO He Xiaopeng.
New Team Structure: The merger has resulted in a new team system focused on AI and software, aiming to enhance organizational capabilities and streamline operations across smart driving, smart cockpit, and robotics.
XPENG-W Reports Delivery of Approximately 20,000 New Vehicles in January
Stock Performance: XPENG-W (09868.HK) experienced a decline of 6.769%, with short selling amounting to $757.75 million and a ratio of 26.661%.
Vehicle Deliveries: The company delivered 20,011 new vehicles in January 2026 and launched the XPENG P7+ in 36 countries, including its European debut at the Brussels Motor Show.
Global Expansion: As of December 31, 2025, XPENG-W has expanded to 60 countries, with a sales network of 380 physical stores, marking a year-over-year growth of over 150%.
Sales and Service Network: The worldwide sales and service network has grown to over 1,000 outlets, enhancing the company's global presence.
XPENG-W: Major International Delivery of 2026 XPENG P7+ Kicks Off
Stock Performance: XPENG-W (09868.HK) experienced a significant decline of 8.025%, with short selling amounting to $182.63 million and a ratio of 21.836%.
New Model Launch: The large-scale overseas shipment of the 2026 XPENG P7+ has commenced, following its launch on January 8, 2026, featuring both pure electric and extended-range options.
Alibaba Introduces Its Own AI Chip 'Zhenwu 810E'
Stock Performance: BABA-W (09988.HK) experienced a decline of 2.193%, with short selling reaching $1.06 billion and a ratio of 9.101%.
AI Chip Launch: Alibaba's T-Head announced the launch of the high-end AI chip "Zhenwu 810E", which is deployed in Alibaba Cloud and serves over 400 clients, including State Grid and XPENG-W (09868.HK).
AI Golden Triangle: The release of the Zhenwu 810E chip marks the establishment of Alibaba's AI golden triangle, consisting of Tongyi Laboratory, Alibaba Cloud, and T-Head.
Global Position: Alibaba is now the second company worldwide, after Alphabet Inc. (GOOG.US), to have full-stack self-developed capabilities in "large model + cloud + chip".
M Stanley Highlights Recent Focus Stocks in Asia Pacific, Excluding Japan (Table)
Hong Kong Stock Performance: TENCENT saw a slight increase of 0.403%, while XPENG-W experienced a decline of 2.607%. ZIJIN MINING rose by 3.172%.
Short Selling Data: TENCENT had short selling of $434.90M with a ratio of 7.520%, XPENG-W had $91.16M and a ratio of 21.002%, and ZIJIN MINING had $677.92M with a ratio of 20.266%.
Regional Stock Highlights: Notable stocks from other regions include India's Bajaj Finance and ICICI Bank, Australia's BHP Group and Gemlife Communities, and Singapore's Keppel.
Market Information: The Hong Kong stock quotes are delayed by at least 15 minutes, and the short selling data is as of January 29, 2026.
Citi Reduces XPENG-W (09868.HK) Price Target to $107.8 and Lowers Earnings Projections Due to Valuation of Robotics Business Integration
XPENG-W Humanoid Robots: Citi Research anticipates that XPENG-W will deliver approximately 1,000 humanoid robots in the fourth quarter of 2026, with an average selling price projected at RMB1.23 million and a gross profit margin of 35%.
Target Price Adjustment: The brokerage revised its target prices for XPENG-W's H-shares and US stock down to $107.8 and $27.6, respectively, while maintaining a "Buy" rating, reflecting changes in earnings forecasts and valuation methods.
Revenue and Loss Forecasts: Citi Research has reduced its 2025 revenue forecast for XPENG-W by 5% and increased its net loss forecast by 12% to RMB1.501 billion, indicating challenges in profitability.
Vehicle Profit Margins: The report predicts a decline in vehicle gross profit margin to 11.7% in the fourth quarter of 2025, although a slight profit of approximately RMB22 million is still expected for that quarter.
XPENG-W Allegedly Consolidates Two Intelligent Departments to Concentrate AI Efforts on Smart Driving and Other Business Areas
Department Merger: XPENG-W has merged its autonomous driving center and intelligent cockpit center into a new General Intelligence Center, led by Liu Xianming, who reports directly to CEO He Xiaopeng.
New Team Structure: The merger has resulted in a new team system focused on AI and software, aiming to enhance organizational capabilities and streamline operations across smart driving, smart cockpit, and robotics.
XPENG-W Reports Delivery of Approximately 20,000 New Vehicles in January
Stock Performance: XPENG-W (09868.HK) experienced a decline of 6.769%, with short selling amounting to $757.75 million and a ratio of 26.661%.
Vehicle Deliveries: The company delivered 20,011 new vehicles in January 2026 and launched the XPENG P7+ in 36 countries, including its European debut at the Brussels Motor Show.
Global Expansion: As of December 31, 2025, XPENG-W has expanded to 60 countries, with a sales network of 380 physical stores, marking a year-over-year growth of over 150%.
Sales and Service Network: The worldwide sales and service network has grown to over 1,000 outlets, enhancing the company's global presence.
XPENG-W: Major International Delivery of 2026 XPENG P7+ Kicks Off
Stock Performance: XPENG-W (09868.HK) experienced a significant decline of 8.025%, with short selling amounting to $182.63 million and a ratio of 21.836%.
New Model Launch: The large-scale overseas shipment of the 2026 XPENG P7+ has commenced, following its launch on January 8, 2026, featuring both pure electric and extended-range options.
Alibaba Introduces Its Own AI Chip 'Zhenwu 810E'
Stock Performance: BABA-W (09988.HK) experienced a decline of 2.193%, with short selling reaching $1.06 billion and a ratio of 9.101%.
AI Chip Launch: Alibaba's T-Head announced the launch of the high-end AI chip "Zhenwu 810E", which is deployed in Alibaba Cloud and serves over 400 clients, including State Grid and XPENG-W (09868.HK).
AI Golden Triangle: The release of the Zhenwu 810E chip marks the establishment of Alibaba's AI golden triangle, consisting of Tongyi Laboratory, Alibaba Cloud, and T-Head.
Global Position: Alibaba is now the second company worldwide, after Alphabet Inc. (GOOG.US), to have full-stack self-developed capabilities in "large model + cloud + chip".
M Stanley Highlights Recent Focus Stocks in Asia Pacific, Excluding Japan (Table)
Hong Kong Stock Performance: TENCENT saw a slight increase of 0.403%, while XPENG-W experienced a decline of 2.607%. ZIJIN MINING rose by 3.172%.
Short Selling Data: TENCENT had short selling of $434.90M with a ratio of 7.520%, XPENG-W had $91.16M and a ratio of 21.002%, and ZIJIN MINING had $677.92M with a ratio of 20.266%.
Regional Stock Highlights: Notable stocks from other regions include India's Bajaj Finance and ICICI Bank, Australia's BHP Group and Gemlife Communities, and Singapore's Keppel.
Market Information: The Hong Kong stock quotes are delayed by at least 15 minutes, and the short selling data is as of January 29, 2026.
