XPENG INC.(9868.HK)：EARNINGS ON TRACK WITH POSITIVE SURPRISE IN ROBOT
Ge Long Hui·2025-11-19 11:55
Humanoid robots could double Xpeng's revenue in FY30. Xpeng showcased its 7th-generation humanoid robot Iron on 5 Nov 2025, which became a key topic during the earnings call. Xpeng targets mass production of its humanoid robots by the end of 2026 and an annual sales volume of 1mn units in 2030 with a similar price tag as a car. We are of the view that carmakers could be important players in humanoid robots given their advantages in autonomous driving (AD) technologies. It appears to us that Xpeng now has th ...