小鹏汇天或已秘密递交香港上市申请，传由摩根大通、摩根士丹利负责

Core Viewpoint - Xiaopeng Motors is preparing for an IPO of its flying car division in Hong Kong, having engaged JPMorgan and Morgan Stanley for the process, with a potential completion as early as this year [2]. Group 1: IPO Plans and Timeline - Xiaopeng Motors has secretly submitted its IPO application for its flying car division, with plans to complete the process potentially within this year [2]. - The founder of Xiaopeng Huitian, Zhao Deli, previously indicated that an IPO plan is in place, with timing to be determined [5]. - Xiaopeng Motors aims to transition from technology exploration to practical application by 2026, including the launch of its flying cars [5]. Group 2: Product Features and Capabilities - The Huitian A868 flying car is designed for a range of over 500 kilometers, making it suitable for intercity routes rather than just short urban travel [8]. - The flying car has a cruising speed exceeding 360 kilometers per hour, significantly reducing travel time compared to ground transportation [8]. - Xiaopeng Huitian has received 7,000 orders for its land carrier flying vehicle, aiming to set a world record for annual sales of manned flying vehicles [9]. Group 3: Company Background and Market Position - Xiaopeng Huitian is recognized as Asia's largest flying car company, focusing on creating low-altitude products and aiming to revolutionize personal flight and air commuting [10]. - If the IPO is successful, Xiaopeng Huitian will become the second listed manned flying vehicle company in China [11]. - The company has completed several funding rounds, including over $500 million in Series A funding, marking the largest single financing in Asia's low-altitude manned flying vehicle sector as of 2021 [11]. Group 4: Recent Developments and Production Capacity - The production facility for the flying car began trial production on November 3, 2025, marking the establishment of the world's first production line for flying cars [14]. - The factory has an area of approximately 120,000 square meters, with an initial annual production capacity of 5,000 units, scalable to 10,000 units [14]. - The flying car features a unique design that allows it to operate both as a vehicle and an aircraft, with a price point of under 2 million yuan [16].