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<Research>Jefferies Cites XPENG-W (09868.HK): Robots/ EVs Share Same Hardware to Achieve Cross-domain Integration & Scalability
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XPENG-W (09868.HK) maintained robust momentum after midday today (11th), and once soared 17.9% to a high of $108.5 during the intraday trading session. It last printed at $107.5, spiking 16.9%, with a turnover surging to $7.6 billion.

Jefferies released a research report saying that it attended XPeng (XPEV.US)'s workshop following its AI Day. XPeng's management shared deeper insights into the technical roadmap for VLA (Vision-Language-Action) 2.0, Robotaxi and humanoid robots.

Related NewsBernstein Rates XPENG-W (09868.HK) at Equalweight w/ TP $82
XPeng has commenced operational planning for its Robotaxi launch, encompassing city selection in China, site layout and licence applications. Mass production and commercial deployment are targeted for 2H26. To bridge the gap between L4 and L2 autonomy, XPeng is focusing on specific scenario challenges, including passenger pickup, campus parking, emergency takeover and roadwork detection.

Meanwhile, it aims to expand operational coverage for flexible pickup/ drop-off at residential areas, office buildings and parking garages, enhancing passenger comfort. Therefore, the broker rated XPENG-W's H-shares at Buy, with a target price of $116.9.

XPENG-W's said that its humanoid robot is powered by the VLA model originally developed for autonomous driving. This model was trained using diverse real-world data, including road footage, hand motion videos, and 3D spatial video inputs.

Related NewsCiti Sets XPeng (XPEV.US) TP at USD29.4, Expects New Biz to Boost Shr Price
Notably, XPENG-W's robots and EVs share the same foundational hardware (such as chips), enabling cross-domain in-depth integration and scalability.
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