CIXPENG@EC2705A

CCOE

ONEFORCE HLDGS

ROYAL DELUXE

STARCOIN GROUP

ASIAPAC FIN INV

DRINDA

WAI HUNG GROUP

WELIFE TECH

MAINLAND HOLD

JOHNSON ELEC H

STECH

00020

02015

00HSI

01698

09868

The Hang Seng Index opened up 0.25%, and the Hang Seng TECH Index rose 0.15%. SenseTime increased by over 4%, Tencent Music rose by over 3%, and Trip.com, XPeng, and Li Auto all rose by over 1%

Wallstreetcn

Hang Seng TECH Index

Tencent Music

SENSETIME-W

LI AUTO-W

Hang Seng Index

TME-SW

XPENG-W

XPEV

XPeng's humanoid robot full-chain mass production base was officially proposed at the Guangzhou High-Quality Development Conference, becoming a key project in Tianhe District. Tan Minghe, Secretary of the Tianhe District Committee, stated that they will promote the commencement of 30 projects, including the XPeng robot manufacturing factory, in the first quarter and accelerate the construction of 207 ongoing projects, such as the China Artificial Intelligence Industrial Park

XPeng

XPeng lays out the industry's first humanoid robot full-chain mass production base

09866

516380

DRIV

515030

Nio's battery swap network achieved over 2 million services during the 2026 Spring Festival holiday, with daily swaps peaking at 177,627 from February 18-22. This marked a 29.4% increase in average daily swaps compared to last year. Nio's 3,750 stations delivered 2,073,500 swaps, while its facilities provided 3,271,441 services, reflecting a 26.6% rise. The surge is attributed to Nio's expanding user base and infrastructure, with cumulative vehicle deliveries surpassing 1.02 million. Other EV makers like Xpeng also reported increased charging demand during the holiday period.

- Nio's daily battery swap volume reached new peaks from February 18 to 22, culminating at 177,627 swaps amid the 2026 Spring Festival travel surge.  
- The company delivered over 2 million battery swap services between February 10-23, marking a year-on-year increase of 29.4% in daily volume.  
- Nio's expanding user base and infrastructure, including the integration of over 130,000 vehicles from its sub-brand Onvo, contributed to this substantial demand and utilization of battery swap services.

CnEVPost

NIO Inc. USD OV

NIO-SW

NIO Inc

Hwabao WP CSI Intelligent Electric Vehicle ETF

Global X Autonomous & Electric V

Hua Xia CSI New Energy Vehicles ETF

Nio's battery swap network handles over 2 million services in holiday stress test

VIPS

TCTZF

688472

The NASDAQ Golden Dragon China Index preliminarily closed down 0.4%. Among popular Chinese concept stocks, CSI Solar fell 5.3%, New Oriental fell 5.1%, Daqo New Energy fell 2.9%, XPeng fell 2.7%, and GDS fell 2.4%. NetEase and Li Auto fell over 1%, while Alibaba and Tencent fell about 0.5%. Vipshop rose 1.9%, Atour rose 2.5%, Beike rose 3%, and Tiger Brokers rose 4.2%

Vipshops

Tencent Holdings Limited

CSI Solar

NETEASE MUSIC

Tencent

Daqo New Energy

Daqo Energy

NASDAQ Golden Dragon China Index

Invesco Golden Dragon China

iShares MSCI China

Roundhill China Dragons ETF

KraneShares 2x Long BABA Daily ETF

NTES-S

NetEase

CARU

MOTO

CARZ

Xpeng plans to break ground on a humanoid robot factory in Guangzhou in Q1 2024, aiming for mass production by 2026. The facility will cover 110,000 square meters and include R&D and manufacturing processes. This initiative addresses challenges in the humanoid robotics industry, such as data shortages and production barriers. Xpeng's first prototype, the ET1, has been completed, showcasing the integration of automotive standards into robotics. The humanoid robot, Iron, features advanced AI capabilities and aims to position Xpeng competitively in the AI market.

- Xpeng is establishing a humanoid robot production base in Guangzhou, covering approximately 110,000 square meters, to facilitate mass production by late 2026.  
- The facility aims to address major challenges in the humanoid robotics sector, such as the need for high-quality training data and overcoming production barriers.  
- Xpeng's advancements include the development of its "ET1" prototype and the next-generation robot, Iron, featuring advanced AI capabilities and designed to integrate technology from its automotive expertise.

Max Auto Industry 3X Leveraged ETN

SmartETFs Smart Transportation & Tech ETF

First Trust S-Network Future Vehicles & Tech ETF

Xpeng to break ground on humanoid robot factory in Q1, with mass delivery targeted in 2026

02423

BEKE

09988

89988

HBBD

BABA

02319

CIADY

0225 | Dolphin Research Key Watch: 🐬 Macro/Industry 1) Today, Hong Kong Financial Sec. Paul Chan unveiled the FY2026/27 Budget, focused on I&amp;T and finance, with measures to support the AI industry, advance RMB internationalization, improve livelihoods, and develop the Northern Metropolis. On hard tech, the HKSAR Gov. will set up a HK$10 bn I&amp;T Industry Co-investment Fund, targeting strategic areas including life sciences &amp; healthcare, AI and robotics. The Budget projects Hong Kong GDP growth of 2.5%-3.5% in 2026...

HK Budget Ups I&T; META, AMD Seal 100bn-Class Compute Deal | Daily News Recap

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XPeng's official Weibo announced today (25th) that the XPeng X9 has won first place in the 2026 New Energy MPV rankings. It is reported that the 2026 XPeng X9 pure electric version will officially launch on March 2nd, with the new X9 series featuring a standard configuration of 750km ultra-long range, 5C supercharging +800V, three-row electric folding, and Turing AI chip, fully aligning its product capabilities with super extended range

AASTOCKS

E Fund CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

XPeng: XPeng X9 won the first place in January's new energy MPV sales

The full matrix is open for battle

- On February 24, Xpeng Motors' CEO He Xiaopeng outlined the company's strategy for 2026, emphasizing a balance between maintaining market share and advancing in physical AI.  
- The company aims to be the first to mass-produce robots, flying cars, and Robotaxis this year, with significant partnerships and organizational changes to support this agenda.  
- Facing a competitive landscape, Xpeng targets 550,000 to 600,000 vehicle sales in 2026 and aims to double overseas sales, positioning itself as a leader in the evolving AI-driven automotive sector.

XPeng's New Year Sword, pointing towards Physical AI

Xpeng is set to officially launch its 2026 X9 BEV on March 2, aiming to enhance its position in the premium family mobility market. The new model features a maximum CLTC range of 750 kilometers and advanced intelligent features. Pre-sales began in late January, with pricing details yet to be disclosed. The X9 BEV will include an 800V high-voltage platform and the Turing AI chip for smart driving. Xpeng targets annual deliveries of 550,000 to 600,000 units in 2026, following a significant increase in deliveries in 2025.

- Xpeng is launching the updated X9 BEV on March 2, aiming to enhance its position in the premium family mobility market.  
- The new model features a CLTC range of 750 kilometers, 800V high-voltage platform, active rear-wheel steering, and advanced AI capabilities.  
- Xpeng's strategy includes a dual-powertrain transition with a target of delivering between 550,000 and 600,000 units in 2026, following a strong delivery growth in 2025.

Xpeng to officially launch 2026 X9 BEV on Mar 2

002594

09863

HSBC Research expects BYD to launch the "Super e Platform" in early March, enhancing range and efficiency technology standards, which will impact competitive strategies in the second quarter. The bank is focused on milestones in autonomous driving, believing that policy support will facilitate the commercialization of autonomous driving, and expects the pricing environment for passenger vehicles to remain resilient. It recommends BYD, Leapmotor, XPeng, Horizon Robotics, CATL, and Top Group, with investment ratings and target prices as follows: BYD buy at 139 yuan, Leapmotor buy at 66.7 yuan, CATL buy at 594 yuan, Horizon buy at 11 yuan, Top buy at 82 yuan, XPeng buy at 27.7 USD

LEAPMOTOR

BYD Company Limited

BYD Company

BYD COMPANY

HSBC Research: BYD's launch of the "Super e Platform" may raise technical standards, closely monitoring milestones related to autonomous driving

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The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 154 points to 26,745 points, and the National Index and Hang Seng Tech Index increasing by 61 points and 45 points, respectively. Technology stocks generally rebounded, with JD.com, Alibaba, and Meituan each opening 1.2% higher, while Tencent and Baidu saw slight increases. In the automotive sector, Li Auto and XPeng opened 1.5% and 2.8% higher, respectively. Financial stocks saw HSBC opening 0.4% higher, while Standard Chartered opened 1.2% lower. Real estate stocks New World Development and Cheung Kong Holdings opened lower

ALI HEALTH

JD HEALTH

MEITUAN

Alibaba

TENCENT

JD.com

CSOP HS TECH

Guotai CSI Computer Theme ETF

Dacheng Hang Seng Technology ETF(QDII)

CAM HS TECH

ChinaAMC Hang Seng Technology ETF(QDII)

"Hong Kong Stocks" Hang Seng Index opened high at 154 points, technology stocks rebound

The NASDAQ Golden Dragon China Index preliminarily closed up 1.3%. Among popular Chinese concept stocks, GDS preliminarily closed up 6.7%, Century Internet rose 6.6%, XPeng rose 6.6%, and KINGSOFT CLOUD rose 4.8%

Kingsoft Cloud

GDS-SW

KINGSOFT CLOUD

XPeng CEO He Xiaopeng announced in a letter to employees that the company plans to achieve mass production of the world's first advanced humanoid robot, IRON, by 2026. The robot will begin mass production by the end of the year, with the first applications in guiding and shopping scenarios, and will open its SDK to global developers. He emphasized that XPeng is at a historic turning point and must seize the opportunities in autonomous driving

He Xiaopeng internal letter: To achieve the world's first mass production of advanced humanoid robots

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Xpeng has secured Volkswagen as the first customer for its VLA 2.0 smart driving solution, marking a significant partnership expansion into AI software. Xpeng aims for 1 million overseas EV sales by 2030, with international operations projected to contribute over 70% of profits. The VLA 2.0 supports Level 4 autonomous driving and adapts to global traffic conditions. Xpeng plans to launch new models and humanoid robots by 2026, with a focus on mass production and delivery of innovative technologies. The company reported a 125.94% increase in vehicle deliveries in 2025, with significant growth expected in overseas markets.

- Volkswagen's partnership with Xpeng, marked by adopting Xpeng's VLA 2.0 smart driving solution, signifies an expansion into AI software capabilities and represents the first large-scale export of a Chinese EV maker's core AI technology.  
- Xpeng aims for 1 million overseas sales by 2030, with international operations projected to account for over 70% of profits, alongside launching various new models and services, including robotaxis and humanoid robots by 2026.  
- Amidst these advancements, Xpeng's CEO emphasizes the company's growing competitiveness in global markets, highlighted by significant increases in vehicle deliveries and planned expansions in key international markets.

Penghua CSI Internet Of Vehicles Theme ETF

Guotai CSI Hong Kong Connect Automobile Industry Thematic ETF

Ping An CSI New Energy Vehicles Industry ETF

Volkswagen

Volkswagen AG Pref

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

Xpeng secures VW as first customer for VLA 2.0; targets 1 million overseas EV sales by 2030

Today’s Key News Recap

Meta Platforms

BEKE-W

Kimball Electron

BABA-W

BABA-WR

Alibaba HK SDR 5to1

MENGNIU DAIRY

Mengniu Dairy

Unity Software

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

TENCENT-R

Amazon

Roblox

Li Auto

DingDong

MEITUAN-WR

Tencent HK SDR 10to1

Meituan HK SDR 5to1

Meituan

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap

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$XPENG-W(09868.HK)Pay attention againWait patiently⌛️

Bearish in the short term with trump's tariffs and the whole Greenland saga... watching Netflix to maybe beat expectations and solidify its support line

Featured

👋 Hey brilliant investors — buckle up. Global markets are caught between escalating trade wars and a relentless AI-driven tech narrative. Here’s your breakdown for a volatile Tuesday.

Alphabet

Xiaomi HK SDR 2to1

XIAOMI-W

Xiaomi Corporation

XIAOMI-WR

Informatica Inc.

BIG LOTS INC

Alphabet - C

Pro Ultr R Est

Ellington Credit

Essex Property Trust

ING Groep

ETFS Capital Ltd.

Gold.com

Hasbro

Global X Silver Miner

Safestore Holdings plc

Safehold

Couchbase

Apple

Micron Tech

Netflix

🔥 U.S. & Global Market Watch | Jan 20, 2026: Safe Havens Soar as Trade Tensions Explode 🔥

Looks like precious metals are extending their rally with the fear and uncertainties around. Stay safe everyone!

The world is vigorously developing AI, focusing on computing power, electricity, and storage in the future

股市江湖故事会

Anyone noticing that the AI, cloud memory, chips &amp; generally the next IT, web &amp; online industries are doing their own development &amp; progress while the politicians and government administrators are also going their own way, thinking they can affect the big market economy but are actually trying to catch up?

CIXPENG@EC2705A(25535.HK)

The Hang Seng Index opened up 0.25%, and the Hang Seng TECH Index rose 0.15%. SenseTime increased by over 4%, Tencent Music rose by over 3%, and Trip.com, XPeng, and Li Auto all rose by over 1%

XPeng lays out the industry's first humanoid robot full-chain mass production base

Nio's battery swap network handles over 2 million services in holiday stress test

Xpeng to break ground on humanoid robot factory in Q1, with mass delivery targeted in 2026