交银国际：小鹏汽车-W(09868)人形机器人、Robotaxi及低空飞行器有望在2026年实现量产

Core Viewpoint - The report from CMB International highlights that XPeng Motors (09868) recently held its Technology Day in Guangzhou, showcasing significant advancements in physical AI and four key applications, including the second-generation VLA, Robotaxi, the new generation IRON, and two flight systems from Huitian [1] Group 1: Sales and Production Goals - The company has achieved its annual sales target in the new energy vehicle sector within the first ten months of this year [1] - Breakthrough production for humanoid robots, Robotaxi, and low-altitude aircraft is expected by 2026, indicating substantial future growth potential [1]