Core Viewpoint - Citigroup's report highlights XPeng Motors' announcement during the 2025 XPeng Technology Day about entering new business areas such as Robotaxi, humanoid robots, and flying cars, which is seen as an exciting development for the company [1] Summary by Categories New Business Initiatives - XPeng plans to launch L4 Robotaxi equipped with four Turing chips by 2026 [1] - The company will collaborate with Alibaba's ride-hailing platform, Gaode, to provide Robotaxi service operations [1] - Production and delivery of humanoid robots, named IRON, is expected to start by the end of 2026 [1] - Delivery of flying car units, referred to as terrestrial aircraft carriers, is also set to begin in 2026 [1] Market Sentiment and Valuation - Citigroup believes that while XPeng is in the early stages of quantifying the profitability of its new businesses, this will create positive market sentiment [1] - The report suggests that XPeng's valuation could gradually increase from its previous levels associated with new energy vehicles to a higher premium linked to AI, technology, and Robotaxi [1] - Citigroup maintains a "Buy" rating on XPeng with a target price of $29.4 [1]