XPeng: Physical AI Is Starting To Shine

XPeng Inc. is evolving beyond a Chinese EV company, aggressively expanding into physical AI, including robotaxis and humanoid robots. The Chinese EV company trades at less than 1x sales despite record EV deliveries and a high-margin services business. The IRON humanoid robot business was valued at over $6 billion, with XPeng's position roughly worth half of the total company valuation.