XPENG Launches Charging Payment Functionality in Hong Kong
XPENG launched its start-and-stop charging payment functionality on the XPENG APP in Hong Kong, China on February 9. The service is supported by Antom, a leading merchant payment and digitisation services provider under Ant International. Antom introduced a tailored payment solution to support the globalisation of smart EV players, which XPENG integrates into its charging services to enhance the charging experience for NEV owners around the world. XPENG and Antom established a global payment partnership in the second half of 2025. Antom is XPENG's first global payment partner for its charging business, and XPENG is the first Chinese new-generation EV maker partnering with Antom. Through this integration, XPENG users in Hong Kong can scan a charging pile QR code or initiate and end charging directly within the XPENG APP, and complete payments seamlessly using AlipayHK. Credit cards and other payment options will be available soon.
Trade with 70% Backtested Accuracy
Analyst Views on XPEV
About XPEV
About the author

- Production Launch: Volkswagen Group has officially commenced series production of the ID.UNYX 08 electric SUV at its Hefei facility, developed in collaboration with Chinese EV manufacturer Xpeng, marking a significant step in Volkswagen's electrification strategy in China.
- Market Positioning: The ID.UNYX 08 is Volkswagen's first fully connected, all-electric full-size SUV tailored specifically for the Chinese market, set to launch in the first half of this year, thereby enhancing Volkswagen's electric vehicle offerings in China.
- Technological Innovation: This model features 800-volt ultra-fast charging, Level 2 advanced driver assistance system (ADAS), and over-the-air (OTA) software update capabilities, addressing the high-tech demands of Chinese consumers and showcasing Volkswagen's technological prowess in the EV sector.
- Collaborative Development: Volkswagen's long-term partnership with Xpeng is expected to yield two jointly developed all-electric vehicles, with the second model anticipated to hit the market this year, further solidifying both companies' competitive edge in the new energy vehicle market.
- Production Launch: Volkswagen commenced production of its first all-electric SUV, the ID. UNYX 08, on March 13, 2026, in Hefei, utilizing Xpeng's Turing chip, which signifies a crucial advancement in its electric vehicle strategy aimed at enhancing competitiveness in the Chinese market.
- Delivery Timeline: The ID. UNYX 08 is set to begin deliveries by the end of June, equipped with L2 advanced driver-assist technology that aids drivers in navigating highways and urban streets, thereby increasing consumer demand for smart electric vehicles.
- Future Technology Plans: Volkswagen anticipates that its vehicles in China will achieve L3 autonomous driving capabilities within two years, allowing drivers to take their hands off the wheel under specific conditions, which will shift liability for accidents from drivers to manufacturers, enhancing consumer trust.
- Market Strategy Adjustment: Following a business overhaul in 2023, Volkswagen plans to launch 20 new electric models in 2026 and aims for a total of 50 new models by 2030, demonstrating a strong commitment to the Chinese market and a focus on electrification transformation.

- Market Performance: Equities experienced a decline last week, with all three major indexes falling over 1% for the second consecutive week.
- Geopolitical Impact: The ongoing Iran war, now in its second full week, has contributed to the market slump, with few signs of de-escalation.
- Background of Rising Gas Prices: As of March 13, the average price of regular gasoline reached $3.63 per gallon, a 23.5% increase from the previous month, prompting consumer interest in electric vehicles (EVs), although rising gas prices do not directly lead to a surge in EV sales.
- Current EV Market Status: In Q2 2022, EVs accounted for 5.6% of new vehicle sales in the U.S., a significant increase from 2.7% in Q2 2021, indicating that consumer interest in EVs has risen amid high gas prices.
- Charging Infrastructure Challenges: While urban areas are increasingly equipped with robust charging networks, rural and smaller cities still face significant challenges, meaning that factors beyond gas prices influence consumer purchasing decisions.
- Advantages of Chinese Manufacturers: Chinese EV manufacturers like BYD and Nio have rapidly expanded due to government support and domestic demand, and with integrated supply chains and lower production costs, they are expected to benefit from global EV demand growth, especially if oil prices remain high.
- EV Sales Surge: In Q2 2022, electric vehicles accounted for 5.6% of new vehicle sales in the U.S., up from 2.7% in Q2 2021, indicating increased consumer interest during rising gas prices, although other purchasing factors remain significant.
- Charging Infrastructure Challenges: While urban areas are improving charging networks, rural and smaller cities still face significant gaps, limiting EV adoption; thus, consumer decisions are not solely driven by fuel prices.
- Chinese Manufacturers' Advantage: Companies like BYD and Nio have rapidly expanded due to government support and domestic demand, leveraging integrated supply chains and lower production costs, positioning them to capture larger shares of the global EV market amid rising oil prices.
- Importance of Long-Term Trends: Although short-term fuel price spikes may influence consumer interest, only sustained high prices can meaningfully alter purchasing behavior, with EV adoption relying on advancements in battery technology, supportive policies, and evolving consumer preferences.
- Stock Surge: Xpeng's U.S.-listed American Depositary Shares (ADS) have risen by 15% this week, reflecting investor optimism regarding its potential for future expansion and demonstrating strong market confidence in its global business development.
- Collaboration Opportunities: Stellantis is in discussions with Xpeng and Chinese tech company Xiaomi for potential partnerships, which may involve acquiring stakes in its European brands, particularly Maserati, providing crucial support for Xpeng's expansion in the European market.
- Manufacturing Capacity Enhancement: While Xpeng's manufacturing presence in Europe is relatively light, a partnership with Stellantis would significantly expand its manufacturing footprint in the EU, enhancing its global competitiveness.
- Global Ambitions: Xpeng and other Chinese automakers aim to establish a presence in the global market, and a potential deal with Stellantis could be a significant step towards achieving this goal, further advancing its internationalization strategy.










