Loading…
Chinese EV maker known for in-house autonomous-driving software and smart-cockpit technology.
Chinese EV maker known for in-house autonomous-driving software and smart-cockpit technology.
Earns mainly from selling its cars through its own stores in China, with a smaller second stream from technical services, notably a development partnership with Volkswagen under which it helps create VW models for China. Volkswagen became a shareholder in 2023. Driver-assistance software is built in-house for its own models.
In one line: A Chinese Tesla-like EV maker focused on self-driving tech.
Moat: narrow (IP / patents, process know-how). In-house full-stack autonomous-driving software is a differentiator versus most China EV peers.
Headquarters: Guangzhou, China · Founded: 2014 · Employees: 19,884
Size XPeng (9868.HK) is a Hong Kong Consumer Discretionary company (Motor Vehicles) with a market value of $9.51B, the 169th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$38.92 on 6 Nov 2026.
Performance Over six months the shares fell 37.5%, against -8.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 29.3% over the last twelve months (peer median +5.8%); the operating margin is -6.9% (peer median 5.9%).
Valuation It trades at 0.9× enterprise value to sales against a peer median of 0.9× (11th cheapest of 21).
Capital Return on invested capital runs 24.0 points below its cost of capital (10.8% WACC).
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$84.1B | HK$83.2B | HK$44.3B | HK$33.9B | HK$31.2B |
| Revenue growth | — | +88% | +31% | +9% | — |
| Gross profit | HK$17.4B | HK$15.7B | HK$6.34B | HK$499M | HK$3.59B |
| EBITDA | n/a | -HK$1.63B | -HK$5.38B | -HK$10.3B | -HK$8.67B |
| Net income | -HK$3.55B | -HK$1.24B | -HK$6.28B | -HK$11.5B | -HK$10.6B |
| Free cash flow | n/a | -HK$6.68B | -HK$4.57B | -HK$1.14B | -HK$14.4B |
| Capital expenditure | n/a | HK$3.63B | HK$2.61B | HK$2.43B | HK$5.25B |
| Total debt | HK$47.4B | HK$41.6B | HK$24.0B | HK$24.5B | HK$20.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| XPeng 9868.HK | $9.51B | -37% | +29% | -7% | 0.9× | n/a |
| NIO 9866.HK | $7.60B | -46% | +70% | -4% | 0.3× | n/a |
| Li Auto-w 2015.HK | $12.4B | -32% | -24% | -7% | 0.3× | n/a |
| BYD 1211.HK | $98.9B | -26% | 0% | 4% | 1.0× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 13.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9868.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.4% | +5.7% | 8th lowest of 21 |
| 6-month return | -37.5% | -8.2% | 3rd lowest of 21 |
| Distance from 52-week high | -64.9% | -25.8% | 2nd lowest of 21 |
| Revenue growth (TTM) | +29.3% | +5.8% | 6th highest of 21 |
| Operating margin | -6.9% | 5.9% | 2nd lowest of 21 |
| EV / Sales | 0.9× | 0.9× | 11th cheapest of 21 |
| ROIC minus cost of capital | -24.0 pp | -1.2 pp | 3rd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| XPeng 9868.HK | Hong Kong | $9.51B | -37% | +29% | -7% | 0.9× | n/a | n/a |
| Chongqing Changan Automobile 000625.SZ | China | $9.51B | -25% | -7% | 0% | 0.5× | n/a | n/a |
| Renault RNO.PA | France | $9.39B | +2% | +6% | 6% | 1.0× | 3.4% | +5.9% |
| Isuzu Motors 7202.T | Japan | $9.26B | -1% | +5% | 6% | 0.6× | n/a | n/a |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 0.8× | 4.2% | +11.5% |
| Porsche Automobil Holding SE Pref PAH3.DE | Germany | $8.98B | -19% | +13% | 108% | 4.8× | 9.4% | +2.4% |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 1.4× | -10.0% | +13.8% |
| Seres 601127.SS | China | $11.0B | -51% | -6% | -4% | 0.4× | n/a | n/a |
| Oshkosh OSK | United States | $8.19B | -3% | +4% | 7% | 0.8× | 4.7% | +8.7% |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 0.3× | n/a | n/a |
| Shimano 7309.T | Japan | $11.5B | +29% | +5% | 12% | 2.8× | 6.0% | +4.3% |
| Hero Motocorp HEROMOTOCO.NS | India | $11.7B | +3% | +27% | 12% | 1.9× | 14.1% | +9.2% |
| NIO 9866.HK | Hong Kong | $7.60B | -46% | +70% | -4% | 0.3× | n/a | n/a |
| VinFast Auto VFS | United States | $7.60B | -25% | +74% | -86% | 2.4× | n/a | n/a |
| Ather Energy ATHERENERG.NS | India | $7.57B | +101% | +63% | -7% | 14.4× | n/a | n/a |
| Jardine Cycle & Carriage C07.SI | Singapore | $7.36B | -28% | -11% | 10% | 1.0× | -7.8% | +8.9% |
| Subaru 7270.T | Japan | $12.3B | +16% | 0% | 3% | 0.3× | 2.7% | +11.1% |
| Li Auto-w 2015.HK | Hong Kong | $12.4B | -32% | -24% | -7% | 0.3× | n/a | n/a |
| Zhejiang CFMoto Power 603129.SS | China | $7.23B | +16% | +40% | 11% | 1.7× | -3.9% | +34.5% |
| Federal Signal FSS | United States | $6.92B | -4% | +24% | 17% | 2.9× | 11.8% | +14.0% |
| Zhejiang Leapmotor Technology 9863.HK | Hong Kong | $6.34B | -25% | +71% | -1% | 0.5× | -14.5% | +150.7% |