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<Research>BofAS Lifts XPENG-W's TP to HKD105; Rating Reiterated Buy
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XPENG-W (09868.HK) (XPEV.US) unveiled four critical applications centered around "Physical AI" during the 2025 XPeng Tech Day, namely its second-generation VLA large model, the XPeng Robotaxi, a new-generation IRON humanoid robot, and the AeroHT flying car, according to BofA Securities' research report.

In a nutshell, these applications are intended to give rise to physical AI through the fusion of the digital and physical worlds, so that machines can understand, interact with, and change the world. With all new product developments based on physical AI, XPENG-W aims to be an explorer in this field.

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BofA Securities lifted its target price for XPENG-W from HKD101 to HKD105 and reiterated the Buy rating.
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