Autonomous Driving Concept Stocks Watch | XPENG-W (09868.HK) Edges Slightly Lower; Hainan Builds a Full-coverage Intelligent Connected Vehicle Test Field Through In-depth Development of "Vehicle-Road-Cloud Integration"

NewTimeSpace News: On September 24, 2026,XPENG-W(09868.HK) traded weaker. As of 15:46, it was quoted at HK$40.32, down 0.20%.

According to Guangzhou Daily, Xpeng posted total revenue of RMB19.74 billion in the second quarter of this year, representing an 8.0% year-on-year increase. In August this year, Xpeng delivered 39,107 new vehicles, up 4% year on year. In 2025, Xpeng’s full-year R&D expenditure reached RMB9.49 billion, a year-on-year rise of 47.0%. Its R&D expenses for Q2 2026 stood at RMB2.91 billion, mainly allocated to the development of new vehicle models and artificial intelligence-related technologies.

Xinhua News Agency reported that leveraging its nationwide leading penetration rate of new energy vehicles and the institutional opening-up advantages of the Free Trade Port, Hainan is pushing for the comprehensive intelligent upgrading of the automotive industry, advancing innovative applications of "vehicle-road-cloud integration", and striving to become an ideal provincial-level test site for the nationwide rollout of intelligent connected vehicle technologies in China. Currently, Hainan is accelerating both the innovative application of "vehicle-road-cloud integration" and opening-up cooperation. Application scenarios keep expanding, with new business forms such as autonomous driving car rental and intelligent cultural tourism shuttle services successively launched. The country’s first humid and hot road test base for type approval of exported vehicles has been officially inaugurated. The province witnessed its first case of compliant cross-border outflow of general data in the autonomous driving sector, facilitating efficient connection of Chinese automotive data with overseas markets including Southeast Asia, Central Asia and North America.

XPENG-W (09868.HK) Focuses on the full-stack in-house R&D and large-scale deployment of end-to-end autonomous driving foundational models for mass-produced vehicles. Its proprietary XNGP (Advanced Driver Assistance System) has completely decoupled from high-definition maps, demonstrating exceptional generalization capabilities in complex urban NOA (Navigation Guided Pilot) scenarios. The activation rate of advanced ADAS and the mileage penetration rate among users of newly delivered models remain at the industry forefront, providing a highly deterministic benchmark for vehicle-side AI application delivery.

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