XPENG-W (09868) Surges Over 4% Intraday as HuiTian Signs First Middle East Order for 600 Flying Cars

Stock News
Oct 14

XPENG-W (09868) surged over 4% during trading, and as of press time, the stock was up 3.74% to HK$87.4 with turnover of HK$397 million.

On the news front, XPeng's flying car subsidiary HuiTian, Asia's largest flying car company, recently held its first international showcase event for the "Land Aircraft Carrier" in Dubai. At the launch event, HuiTian unveiled its new international brand "ARIDGE" and a new brand logo inspired by the Chinese character "飞" (meaning "fly").

Additionally, HuiTian announced that its flying car manufacturing base in Guangzhou, China was fully completed at the end of September, preparing for mass production and delivery in 2026.

Notably, at the event, HuiTian signed purchase agreements for the first batch of 600 flying cars in the Middle East region with UAE's Ali & Sons Group, Qatar's Almana Group, Kuwait's AlSayer Group, and the UAE Chinese Chamber of Commerce, setting a record for the largest overseas bulk order in this sector.

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