Xpeng Inc (NYSE: XPEV) is in focus this morning after reiterating its commitment to mass producing flying cars and industrial robots by 2026.
Xpeng’s “land aircraft carrier” has already had its first public flight and the company’s factory with capacity to produce 10,000 flying cars annually is expected to go live in the first quarter of 2026.
Additionally, the Chinese firm expects to begin mass producing its humanoid robots over the next 12-14 months that will put it in a more fierce competition with the likes of Tesla Inc (NASDAQ: TSLA).
Xpeng stock is still down about 2.0% in premarket on Monday.
Why is Xpeng committed to producing flying cars?
With its land aircraft carrier that was recently showcased at the CES 2025, the company based out of Guangzhou wants to penetrate the fast-growing eVTOL market.
This sector, which includes helicopter air shuttles and drone deliveries, is projected to grow from $184 billion in 2025 to over $550 billion by 2030.
More importantly, following the debut flight at the Zhuhai Airshow last year, Xpeng has already accumulated over 3,000 orders for its flying cars.
However, chairman of the New York listed firm, He Xiaopeng, continues to see a long road ahead to the commercialisation of flying cars.
“Right now, I see many problems. These include official certifications both as a road vehicle and as an aircraft, rules governing how such vehicles should lift off, and licenses for who could pilot it,” he said in a recent statement.
Xpeng stock has significantly outperformed its peers since the start of 2025.
While shares of the EV company don’t pay a dividend at writing, they have soared more than 100% year-to-date.
What flying cars mean for Xpeng stock in 2025
Xpeng stock has rallied hard this year but none of it is particularly related to the management’s commitment to emerging technologies like flying cars or humanoid robots.
Much of the year-to-date rally in XPEV is attributed to “improving monthly sales figures, demonstrating to investors that its product strategy is working well despite intense competition,” according to UOB expert Steven Leung.
Plus, these initiatives are also unlikely to be meaningful for Xpeng in the near term.
In a recent note, Leung argued that “it’s still distant for those projects [land aircraft carrier and industrial robots] to translate to earnings growth” for the China-based company.
That said, the firm’s EV segment seems to be doing well. Xpeng delivered over 30,000 vehicles in February that marked the fourth straight month of strong deliveries for the Tesla rival.
Despite a massive year-to-date rally, Wall Street continues to rate the EV stock at “overweight”, signalling analysts see potential for further upside in XPEV in the coming months.
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