Xpeng shares jump 5.22% premarket on optimism over humanoid robots and robotaxi progress.

XPeng Inc. (XPEV) rose 5.22% in premarket trading following its AI Day event, where it unveiled its Iron humanoid robot and advanced robotaxi program. The announcements highlighted the company’s expansion into robotics and autonomous mobility, with analysts noting potential valuation upside as these initiatives approach mass production by 2026. Morgan Stanley upgraded XPEV to Overweight, raising price targets to $34 and 131 HKD, while emphasizing synergies between autonomous driving and robotics R&D. Investor enthusiasm was further fueled by Xpeng’s collaboration with Volkswagen Anhui and its upcoming ID.UNYX 08 model launch, which could diversify revenue streams beyond electric vehicles. The premarket surge aligned with a broader 18% rally in Hong Kong-listed shares earlier in the week, reflecting renewed optimism about Xpeng’s strategic pivot into “physical AI” technologies.