Changes in Hong Kong stocks | Xiaopeng Group-W (09868) rebounded more than 7%, and the first round of financing for the robotics business exceeded 900 million US dollars, institutions are optimistic about value revaluation

The Zhitong Finance App learned that Xiaopeng Group-W (09868) rebounded more than 7%. As of press release, it had risen 7.62% to HK$46.6, with a turnover of HK$771 million.

According to the news, Xiaopeng Group announced earlier that the company's humanoid robot business, Pengxing, has completed the first round of financing of more than 900 million US dollars, and the corresponding post-investment valuation has exceeded 6.3 billion US dollars, setting a record for a single round of private equity financing in China's embodied intelligence industry. Led by IDG, Gao Rong participated, and received support from strategic investors from Ali and Tencent. At the same time, Xiaopeng Group continued to control the robotics business.

According to Dongwu Securities, the resilience of the company's gross margin is prominent. From 2025Q3 to 2026Q2, the company's comprehensive gross margin remained above 20% for four consecutive quarters. Furthermore, robotic financing opens up a revaluation. Considering that the company is a scarce physical AI target integrating new energy vehicles, humanoid robots, smart driving technology licenses, and RoboTaxi, the current valuation does not fully reflect the value of sub-business options and maintains a “buy” rating.