[IPO Watch] XPeng Huitian reportedly submits confidential filing to the Hong Kong Stock Exchange: What can XPeng Huitian's Hong Kong listing rewrite?

January 13th,$XPENG-W (09868.HK)$XPeng Motors’ stock showed strong activity, rising 5.2% at one point during the session. As of press time, the stock was up 3.17%, trading at HK$82.9.

Overnight, XPeng Motors, listed on the US stock market, also delivered a strong performance, closing with an 8.44% gain at $21.7 per share.$XPeng (XPEV.US)$The stock's impressive performance reflects XPeng Motors' accelerating capitalization efforts in the low-altitude economy sector.

On the news front, market attention has been drawn to reports that AeroX, XPeng’s flying car division, plans to pursue an IPO in Hong Kong. According to sources, XPeng Motors has engaged banks to assist its flying car unit in conducting its initial public offering (IPO) in Hong Kong.

Reports citing insiders said that XPeng Motors has selected JPMorgan and Morgan Stanley to prepare for AeroX’s listing. Insiders stated that XPeng Motors has secretly filed for the IPO and could complete the process as early as this year. XPeng Motors has not yet officially responded to the above market rumors.

AeroX was founded in 2020 as a company within XPeng’s ecosystem, focusing on the research, development, and industrialization of flying cars.

Public information shows that the company completed more than US$500 million in Series A financing in 2021, followed by a US$250 million Series B round in 2025, making it one of the largest players in China’s low-altitude travel sector in terms of funding. The company’s core product is the detachable flying car 'Land Cruiser,' which completed its first public manned flight in November 2024.

Public information shows that the company completed over $500 million in Series A financing in 2021 and $250 million in Series B financing in 2025, making it one of the largest players in the domestic low-altitude travel sector in terms of financing scale. The company's core product is the modular flying car "Land Carrier," which successfully completed its public manned test flight in November 2024.

To advance mass production, XPeng AeroHT is accelerating its production capacity layout.On November 3, 2025, the first 'Land Cruiser' aircraft was trial-produced and rolled off the assembly line at the intelligent manufacturing base in Guangzhou, marking the completion of the world’s first mass production line for flying cars.

It is reported that the factory is planned to have an annual production capacity of 10,000 units, with an initial capacity of 5,000 units per year, making it the world’s first flying car manufacturing plant capable of producing at the 'ten-thousand-unit' level annually.

According to the plan, the 'Land Cruiser' will achieve scaled mass production and delivery by 2026. Order data has already reflected strong market interest, with XPeng AeroHT’s 'Land Cruiser' accumulating 7,000 orders as of October 13, 2025.

Market analysis indicates that if XPeng AeroHT’s IPO proceeds smoothly, it will be seen as further recognition by the capital markets of the feasibility of its technological roadmap and its ability to implement mass production. This will not only inject financial momentum into its subsequent R&D and capacity expansion but could also accelerate the capitalization process across the entire low-altitude economy sector.

Author: Pingzi

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