BUZZ-Xpeng's HK stock jumps on report of humanoid robots investment

Reuters
03-11
BUZZ-Xpeng's HK stock jumps on report of humanoid robots investment

** Hong Kong shares of Chinese EV maker Xpeng 9868.HK jump 7.9% to HK$96.3, on course for biggest one-day pct gain since February 26

** Second-biggest pct gainer on Hang Seng Tech Index .HSTECH, which slips 0.3%

** U.S.-listed stock XPEV.N fell 2.8% on Monday

** Xpeng sees humanoid robots as a long-term project and is considering large investments that could go up to 100 bln yuan ($13.80 bln), state-media Securities Times reported on Monday citing its CEO as saying

** The EV maker entered the humanoid robot industry in 2020, and unveiled its humanoid Iron in November to rival Tesla Bot

** Hang Seng Automobile Index .HSAMI climbs 0.9% while Hang Seng Index .HSI slips 0.8%

** YTD, Hong Kong stock up 104.2%, U.S. shares up 94.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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