TLDR
- Xpeng (XPEV) stock surged 18% Tuesday, reaching its highest level in over three years
- The EV maker delivered 42,013 vehicles in October, representing 76% growth and its fourth straight record month
- Xpeng’s IRON humanoid robot reveal generated buzz as the company expands beyond traditional vehicles
- Three robotaxi models launching in 2026 with Volkswagen as a strategic partner
- XPEV shares have climbed 130% this year, significantly outpacing Nio’s 58% gain and Li Auto’s 15% loss
Xpeng stock hit its highest point since July 2022 on Tuesday. The Chinese EV maker saw shares jump 18% in Hong Kong trading. US-listed ADRs rose 16% the day before.
This marks the biggest single-day move in more than two years. Investor enthusiasm centers on the company’s technology advances beyond cars.
The numbers tell a growth story. Xpeng delivered 42,013 vehicles last month. That’s a 76% increase from October 2024.
Four months running, the company has set delivery records. Revenue follows the same trajectory with triple-digit gains in recent quarters.
Xpeng keeps prices aggressive. The Mona M03 sells for around $17,000 in China. The G7 SUV costs $27,300, undercutting Tesla’s Model Y by roughly $9,000.
Manufacturing most components internally helps maintain these price points. The company produces powertrains, electronics, and software in its own facilities.
Technology Expansion Creates Upside
The IRON humanoid robot caught attention at Xpeng’s recent AI event. Social media buzz followed the unveiling. But robots aren’t the only new venture.
Xpeng plans three robotaxi models for 2026. Each will run on proprietary autonomous driving systems. China’s relaxed regulations have created the world’s biggest robotaxi market.
Volkswagen joined as a strategic partner on autonomous tech. The ID.UNYX 08 represents their first joint vehicle. It arrives soon through Volkswagen Anhui Automotive.
“Investors have started to factor in the potential upside optionality if one of these bets succeed,” said Eugene Hsiao from Macquarie Capital. He noted expansion opportunities in robotaxis, flying aircraft, humanoid robotics, and AI systems.
The company also displayed an eVTOL flying car concept. Xpeng positions itself as an AI technology company that happens to make vehicles.
Stock Dominates Chinese EV Sector
Year-to-date performance puts Xpeng ahead of competitors. XPEV shares gained over 130% in 2025. Nio climbed 58%. Li Auto fell 15%.
Chart patterns show a breakout from six months of consolidation. Technical traders see room for further gains.
The company still operates at a slight loss given its age. But the revenue trend keeps improving each quarter.
October’s delivery performance reflects strong demand for affordable EVs. The budget-friendly Mona M03 particularly resonates with Chinese buyers. Competitive pricing combined with advanced features draws customers away from rivals.
Volkswagen’s involvement adds legitimacy to the robotaxi program. The German automaker brings manufacturing expertise. Xpeng contributes software and AI development capabilities.
The stock’s outperformance versus Nio and Li Auto shows investors favoring Xpeng’s approach. The combination of low-cost vehicles and technology bets creates multiple paths to growth. Revenue keeps climbing while the company diversifies revenue streams beyond pure vehicle sales.
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