On Tuesday, XPeng Inc. (XPEV.US) continued its upward momentum, rising over 4% and marking a cumulative 20% gain across two trading sessions to reach a new yearly high. The company's Hong Kong-listed shares (XPENG-W) also saw significant gains, closing up 17.93% with trading volume surging to over HK$9 billion, hitting their highest level since July 2022.
The rally follows heightened investor and user interest in XPeng's latest humanoid robot, IRON, praised for its hyper-realistic design. Notably, Elon Musk endorsed a video showcasing the robot. Additionally, major financial institutions, including Morgan Stanley, Deutsche Bank, Citigroup, CICC, and CITIC Securities, have issued bullish reports recommending XPeng.