Changes in Hong Kong stocks | Xiaopeng Automobile-W (09868) is expected to mass-produce second-generation VLA with L4 capability in the first quarter of next year

The Zhitong Finance App learned that Xiaopeng Automobile-W (09868) opened nearly 3% higher. As of press release, it had risen 2.53% to HK$73, with a turnover of HK$4.204,800.

According to the news, recently, according to the First Financial Report, Xiaopeng Motor has obtained an L3 autonomous road test license in Guangzhou and has begun normalized L3 road tests. The license is mainly used to test conditional autonomous driving on the Guangzhou Intelligent Connected Vehicle Test Expressway. Changjiang Securities pointed out that Xiaopeng Motor continues to lead in the field of intelligent driving by relying on the advantages of software and hardware integration. With the introduction of self-developed Turing chips and the advancement of large cloud-based models, smart driving has entered the second-generation VLA stage. The company expects to mass-produce a second-generation VLA with L4 capability in the first quarter of 2026, and expects to launch a Robotaxi model with L4 capability in 2026.

The bank continued that Xiaopeng Motor has fully switched to an AI strategy and positioned itself as a globally oriented AI car company, making it clear that it will transform into an AI car intelligent technology enterprise in the next ten years. The company has built a “trinity” embodied intelligent ecological layout, covering AI cars, AI robots, and flying cars. Among them, the cumulative number of orders for flying vehicles “land aircraft carriers” has reached 7,000 units, and the intelligent manufacturing base for flying cars has been completed, with an annual production capacity of “10,000 vehicles”.