Overview
- Hong Kong-listed shares jumped 18% to their highest since July 2022 as US ADRs climbed 16% to an eight-month peak.
- China’s MIIT disclosed the first XPeng–Volkswagen JV model, the ID.UNYX 08 SUV based on XPeng’s G9 platform, with mass production expected next year.
- XPeng’s CEO said parts of its autonomous driving stack will be open‑sourced to partners and confirmed Volkswagen selected the company’s Turing AI chips.
- October deliveries hit 42,013 vehicles, up 76% year over year, marking a fourth straight month of record volumes.
- XPeng outlined plans for three robotaxi models next year that will use its in‑house autonomous technology, with Volkswagen named as a strategic partner.