Xpeng surpasses Geely Auto in capitalization, thanks to AI expectations

Xpeng Motors surpassed Geely Automobile Holdings in market capitalization in Hong Kong, reaching HK$202.2 billion ($26 billion) on November 11. After a 3% correction on November 12 to HK$105.20 per share ($13.54), Xpeng's market capitalization stood at HK$200.5 billion, higher than Geely Auto's HK$183.3 billion.

Price and capitalization performance: 18% increase then 3% decrease

On November 11, Xpeng shares jumped 18%, bringing its market capitalization to HK$202.2 billion. By November 12, the price had fallen 3% to HK$105.20 per share, giving it a market capitalization of HK$200.5 billion. On the same day, Geely Auto closed down 2.5% to HK$17.67 ($2.27).

Index	Xpeng Motors	Geely Automobile Holdings
Capitalization (11/11)	HK$202.2 billion (US$26 billion)	HK$183.3 billion
Stock price (November 12)	HK$105.20	HK$17.67
Recent developments	+18% (11/11), -3% (12/11)	-2.5% (closing 11/12)

Expectations of AI and robots trigger market sentiment

According to Yu Fenghui, an adviser to the Hong Kong Top 100 Listed Companies Research Center, Xpeng's stock rally is mainly due to optimistic expectations for robotics technology and its commercial application prospects. In early November, Xpeng announced a series of artificial intelligence products and applications, including Vision-Language-Action models, robotaxi, Xpeng Iron humanoid robot, flying cars, and pre-sale of the X9 Super Extended Range seven-seat electric vehicle.

Mr. Yu believes that Xpeng Iron's attention-grabbing smooth, natural motion and AI technology may have been the direct factor that triggered the stock's rally on November 11.

Improved sales and investor “imagination space”

Li Zeming, chief investment officer of Red Ant Capital, told Yicai that Xpeng’s strong performance was the result of a combination of favorable factors recently. While many electric vehicle startups are under pressure to sell, Xpeng recorded a surge last month, higher than the same period last year and compared to September, with its core business achieving positive results.

Guangzhou-based Xpeng has also been aggressive in its emerging technology offerings. While the smart products it has unveiled are still far from commercial, they offer investors “room for imagination.” In addition to its automotive appeal, Xpeng’s AI and robotics businesses are seen as creating more room for innovation, leading some to call the company a “Tesla copycat.”

Xpeng leader's statement and Tesla's response

“Innovative companies will eventually arrive at the same destination, even if they take different paths,” said He Xiaopeng, chairman and CEO of Xpeng. “Tesla is a great company, and I believe there will be many similar great companies around the world .”

Tesla CEO Elon Musk recently expressed his approval of a video of Xpeng's robot, predicting that Tesla and Chinese new energy vehicle makers will dominate the market, while expressing respect for Chinese competitors.

Table comb

Xpeng’s capitalization performance reflects the market’s shift in expectations from pure autos to the AI-robotics and autonomous mobility ecosystem. In the short term, price volatility risks remain, but product information and the speed of technology deployment will be the driving variables for expectations.

Source: https://baonghean.vn/xpeng-vuot-geely-auto-ve-von-hoa-nho-ky-vong-ai-10311242.html