Core Insights - Xpeng Motors' stock price increased by 15%, currently trading at 105.9 HKD [1] - The company announced four significant applications at the 2025 Xpeng Technology Day, focusing on "Physical AI" [1] Group 1: Product Developments - The second-generation VLA large model was introduced [1] - Xpeng Robotaxi was unveiled, indicating advancements in autonomous driving technology [1] - A new generation of the IRON humanoid robot was presented, showcasing the company's commitment to robotics [1] - The debut of a female robot with highly realistic walking capabilities garnered significant attention [1] - The introduction of the Huitian flying car highlights Xpeng's expansion into aerial mobility [1]

Group 1 - The Hong Kong stock market experienced fluctuations with the Hang Seng Technology Index ETF (513180) following a downward trend, influenced by major stocks like Alibaba and JD Group declining, while Xpeng Motors and Baidu saw gains, with Xpeng rising over 14% [1] - Southbound capital continues to actively increase its holdings in the Hong Kong market, with a net purchase of 66.54 billion HKD on November 10, pushing the total net purchase for the year to exceed 1.3 trillion HKD, setting a new record [1] - Major brokerages remain optimistic about the inflow of southbound capital, with estimates suggesting an additional 1.54 trillion HKD by the end of next year, potentially supporting a "slow bull" market for Hong Kong stocks over the next five years [1] Group 2 - As of November 10, the latest valuation of the Hang Seng Technology Index ETF (513180) stands at 23.09 times, which is approximately 30.75% below its historical average, indicating it is undervalued compared to nearly 70% of its historical data [2] - The Hong Kong technology sector is expected to benefit from current trends in AI and potential foreign capital inflow due to a favorable interest rate environment, alongside continuous accumulation of southbound capital [2] - Investors without a Hong Kong Stock Connect account may consider the Hang Seng Technology Index ETF (513180) as a means to access core Chinese AI assets [2]

截至11月11日10时20分，港股小鹏汽车-W涨超15%。 09:30 上证报中国证券网讯 截至11月11日10时20分，港股小鹏汽车-W涨超15%。 弹幕走一波 ... ii 日月 nm ( 末 26659.93 交易 发帖 恒生 0.04% 功能 77.700 成交量 4342 万股 分时量: 72.92万股↑ 现量: 2000 股 ► 189万 ...

Core Viewpoint - Xpeng Motors' Hong Kong stock surged over 15% on November 11 [1] Group 1 - The significant increase in Xpeng Motors' stock price indicates positive market sentiment and potential investor confidence [1]

Core Viewpoint - The Hong Kong stock market showed mixed performance with technology and automotive stocks fluctuating, while XPeng Motors made significant advancements in AI technology with the launch of its VLA2.0 model [1][2] Group 1: Market Performance - The three major indices in the Hong Kong stock market opened high but closed lower, with technology stocks showing mixed results and some automotive stocks gaining strength [1] - The Hang Seng Technology Index ETF (513180) saw a slight increase, with major holdings like Alibaba and JD.com declining, while XPeng Motors, Baidu, and Xiaomi led the gains, with XPeng Motors rising over 14% [1] - The Hong Kong Stock Connect Automotive ETF (159323) experienced a rise of over 2.5%, driven by strong performances from XPeng Motors, Zhejiang Sebao, Li Auto, Geely, and Ganfeng Lithium [1] Group 2: Technological Advancements - XPeng Motors recently unveiled four key applications related to "Physical AI" during its 2025 XPeng Technology Day, including the second-generation VLA model, Robotaxi, a new generation of IRON humanoid robots, and a flying car [1] - The VLA2.0 model is noted for its higher efficiency and faster response times, eliminating the traditional language translation step to enable direct action from visual input [1] - According to Shenwan Hongyuan, VLA2.0 demonstrates enhanced generalization capabilities and can achieve human-like feedback in certain scenarios, indicating potential spillover of technology into other fields such as robotics and low-altitude economy [2] Group 3: Related ETFs - The Hong Kong Stock Connect Automotive ETF (159323) focuses on the new energy vehicle sector, featuring a leading proportion of passenger cars and covering automotive parts and smart technology, poised to benefit from the robotics technology wave [3] - The Hang Seng Technology Index ETF (513180) includes a mix of soft and hard technology, showcasing high growth potential with core Chinese tech assets like Xiaomi, NetEase, Tencent, Alibaba, and Meituan, providing a way for investors without a Hong Kong Stock Connect account to access leading tech stocks [3]

每经AI快讯，11月11日，港股新能源汽车股持续走强，小鹏汽车大涨超14%，零跑汽车涨超2%，比亚 迪股份、蔚来涨近1%。 （文章来源：每日经济新闻） ...

Group 1 - The Hong Kong stock market saw all three major indices rise, with the Hang Seng Tech Index increasing by over 0.5%, driven by stocks like Alibaba, JD Group, and Meituan [1] - Xpeng Motors experienced significant gains, with its stock rising over 14% during the trading session, contributing to the performance of the Hong Kong Stock Connect Auto ETF, which surged over 2.5% [1] Group 2 - Xpeng Motors recently unveiled four key applications at its 2025 Xpeng Technology Day, including the second-generation VLA model, Xpeng Robotaxi, a new generation of IRON humanoid robots, and the Huitian flying car [2] - The second-generation VLA model is the first mass-produced large model focused on the physical world, achieving end-to-end generation from visual signals to action commands, and is expected to enhance the capabilities of cars, robots, and flying vehicles [2] - Xpeng's self-developed Turing AI chip and computing cluster have enabled the deployment of models with billions of parameters, leading to industry-leading intelligent driving capabilities [2] Group 3 - Multiple brokerage firms are optimistic about Xpeng Motors' future, with Guosen Securities highlighting the company's product matrix as a new paradigm for future mobility driven by physical AI [3] - CITIC Securities believes that from now until 2026, Xpeng will transition from being labeled a "new force in the automotive industry" to a "technology company exploring the frontiers of physical AI" as it brings its VLA and robots to mass production [3] - The continuous exploration of unknown technological fields is seen as Xpeng's core competitive advantage [3]

Core Viewpoint - The A-share market opened higher on November 11, with significant gains in the automotive sector, particularly for companies like Xpeng Motors, which launched a new range-extended technology solution and began pre-sales for its new model, the X9 Super Range Extender [1] Group 1: Market Performance - The A-share indices collectively opened higher, with the Hong Kong Stock Connect Automotive ETF (159323) rising by 2.66% [1] - Xpeng Motors' stock surged over 14%, with other automotive stocks like Ganfeng Lithium, Zhejiang Sebao, Geely, and Leap Motor also experiencing gains [1] Group 2: New Product Launch - Xpeng Motors officially launched its new generation range-extended technology solution, the Kunpeng Super Range Extender, with the X9 Super Range Extender model available for pre-sale at prices of 350,000 and 370,000 yuan for the Max and Ultra versions, respectively [1] Group 3: Market Outlook - According to CMB International, the adjustment of the new energy vehicle purchase tax exemption policy in 2026 is expected to stimulate consumer purchases before the end of the year, combined with the peak sales season in September and October and year-end sales pushes from automakers [1] - Shenwan Hongyuan noted the recent launch of several updated models, which is likely to enhance the already strong Q4 automotive market [1] - Companies such as Geely, BYD, Great Wall, Li Auto, and NIO are highlighted as those that can effectively release supply [1] Group 4: Index Information - The Hong Kong Stock Connect Automotive ETF (159323) tracks the Hong Kong Stock Connect Automotive Index (931239.CSI), which focuses on the Hong Kong automotive sector, featuring a higher proportion of passenger vehicles compared to similar indices and includes emerging car manufacturers [1] - The index also encompasses companies in the intelligent driving industry, such as Zhixing Technology and Horizon Robotics, offering a higher concentration of intelligent driving elements compared to the A-share automotive theme index [1]

韩国股市也大幅上涨，截至记者发稿，韩国综合指数涨幅达到2.7%，SK海力士、三星电子涨近5%，韩 美半导体涨超2%。 受隔夜美股科技股大涨带动，日本、韩国股市今日（11月11日）早间也大幅走高。截至记者发稿，韩国 综合指数涨超2%，日经225指数涨超1%。芯片股集体大涨，SK海力士、三星电子涨近5%，瑞萨电子涨 超4%。另外，软银集团涨超5%。 A股方面，三大指数集体高开。沪指高开0.13%，深证成指高开0.36%，创业板指高开0.58%。香港恒生 指数开盘涨0.37%，恒生科技指数涨0.79%，小鹏汽车涨超9%，百度集团涨超3%，赣锋锂业（002460） 涨超2%。 美股三大指数周一（11月10日）集体上涨。截至当天收盘，纳指涨幅超过2%。大型科技股集体走强， 英伟达涨近6%，谷歌涨近4%，微软涨近2%。 关于降息，多名美联储官员有最新表态。美联储理事斯蒂芬·米兰表示，强于预期的通胀数据和就业市 场持续疲软的迹象表明需要在12月进行连续第三次降息。米兰称，12月降息50个基点更为合适，至少也 应降25个基点。不过，美联储官员Musalem强调，官员们需要谨慎对待进一步降息。 日韩股市大幅上涨 今日早盘，日本 ...

Group 1 - The core achievement of Xiaopeng Motors is the production of the 200,000th MONA M03 vehicle in just 14 months, marking a significant milestone in the electric vehicle sector [1] - The automotive industry in Zhaoqing has experienced rapid development, forming a comprehensive ecosystem that includes vehicle manufacturing, key component production, smart connected vehicles, and autonomous driving [1][2] - Zhaoqing High-tech Zone has attracted over 100 companies in the electric vehicle supply chain, with 43 of them being large-scale enterprises covering various core segments [3] Group 2 - The local supply chain has become highly efficient, with nearly one-third of Zhaoqing's auto parts companies providing support to Xiaopeng Motors, enabling rapid delivery times [6] - The development cycle for sample products in the industry has been significantly reduced from 90-180 days to under 40 days, reflecting a consensus on the importance of speed in the electric vehicle market [8] - Companies like Zhaoqing Power Metal are actively transforming to meet the demands of new energy vehicles, while Guangdong Chuangzhi Intelligent Equipment Co. has developed advanced AI digital painting equipment for export [9] Group 3 - The Zhaoqing High-tech Zone has established a service center and industry association for the electric vehicle sector, addressing land, electricity, and talent issues [11] - The electric vehicle industry cluster achieved a production value of 413.81 billion yuan in 2024, accounting for 57.08% of the city's total output [11] - In the first seven months of 2025, the production value reached 250.33 billion yuan, indicating strong growth momentum [11] Group 4 - The new energy storage sector is being developed as a key area for energy transition, with Zhaoqing planning a high-standard new energy storage industrial park [14] - The first phase of the Ruqing Times project has been completed, establishing a full-chain manufacturing system for energy storage products [16][17] - The energy storage cluster is projected to achieve a production value of 229.48 billion yuan in 2024, representing 55.4% of the city's total output [22] Group 5 - Zhaoqing High-tech Zone aims to leverage the leading role of Ruqing Times to foster collaboration with new projects, enhancing the region's capabilities [23] - The focus on electric vehicles and new energy storage is driving technological innovation and green manufacturing initiatives [25] - The region is positioning itself as a green energy base in the Guangdong-Hong Kong-Macao Greater Bay Area, with plans for further internationalization and clustering of industries [27][29]