Overview
- Shares jumped 18% in Hong Kong to the highest level since July 2022, with U.S. ADRs up 16% on Monday.
- China’s MIIT listed Volkswagen’s ID.UNYX 08, a fully electric SUV built on XPeng’s G9 platform and ADAS software, with mass production expected next year.
- At its AI Day, XPeng unveiled the next‑generation IRON humanoid and detailed a robotaxi program slated to begin next year.
- CEO He Xiaopeng said XPeng will open‑source its autonomous driving stack to commercial partners, with Volkswagen set to be the first to access it.
- Operational momentum continues, with 42,013 vehicles delivered in October for a fourth straight monthly record and 76% year‑over‑year growth.