• 36,728 vehicles delivered in November, up 19% YoY

GUANGZHOU, China, Dec. 1, 2025 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for November 2025. XPENG delivered 36,728 Smart EVs in November 2025, representing a year-over-year increase of 19%. From January to November 2025, XPENG's cumulative deliveries reached 391,937 units, up 156% year-on-year.

XPENG's overseas deliveries from January to November 2025 reached 39,773 units, marking a 95% year-on-year increase.

On November 5, XPENG successfully hosted its 2025 XPENG AI Day event, unveiling a suite of groundbreaking "Physical AI" applications, including XPENG VLA 2.0, Robotaxi, and Next-Gen IRON humanoid robot. These AI applications are expected to enter mass production in 2026.

In November, XNGP achieved an urban driving monthly active user penetration rate of 84%. In late December, XPENG will invite users in China to participate in a pilot program of VLA 2.0.

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts:

For Investor Enquiries:

IR Department
XPeng Inc.
Email: [email protected]

Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: [email protected]

For Media Enquiries:

PR Department
XPeng Inc.
Email: [email protected]

BEIJING, Dec. 1, 2025 /PRNewswire/ -- The International Geothermal Standard Committee ("IGSC") was officially established on November 26 in Beijing, with its permanent Secretariat hosted by China Petroleum and Chemical Corporation (HKG: 0386, "Sinopec"), marking a historic milestone in global geothermal standardization.

Initiated by the International Geothermal Association (IGA), the IGSC brings together 30 leading experts from 15 countries as its inaugural committee members. The committee will lead the development and promotion of unified international geothermal standards, accelerate technology deployment, and ensure the healthy, sustainable growth of the global geothermal industry chain.

"As the world undergoes a profound energy transition, geothermal energy – abundant, stable, clean and low-carbon – is emerging as a strategic cornerstone of the future energy mix. Unified and mutually recognized standards are the foundation for lowering international cooperation barriers, speeding up technology transfer, and securing a resilient global geothermal supply chain," commented Mr. Niu Shuanwen, Senior Vice President of Sinopec. "Sinopec will spare no effort in supporting the IGSC and translating global consensus into actionable standards that drive real impact."

During the meeting, members unanimously adopted the IGSC Standard Development Procedures and the 2025–2027 Work Program. Going forward, the committee will systematically advance a comprehensive geothermal standard system covering the full industry chain, including resource exploration and evaluation, reservoir engineering, drilling and completion, district heating, power generation, and shallow geothermal systems, with a focus on processes, methods, equipment, and materials.

"With geothermal energy playing an increasingly vital role in the global energy landscape, the industry is experiencing unprecedented growth momentum. The establishment of the IGSC transforms a long-standing industry consensus into urgent action," remarked Mr. Bjarni Pálsson, President of the International Geothermal Association. "By pooling worldwide expertise in an open and inclusive manner, we will deliver authoritative international standards and guidelines, laying a solid foundation for large-scale, efficient geothermal development and contributing meaningfully to global climate goals."

Sinopec, China's largest developer and operator of mid- and deep-geothermal energy, currently provides geothermal heating for 126 million square meters of building area, replacing the equivalent of nearly 6.2 million tons of CO₂ emissions annually. Sinopec has drafted over 50% of China's national geothermal standards and led the country's first IGA international standard. Its landmark "smoke-free city" geothermal heating project in Xiongxian County, Hebei Province, has been included in the global promotion catalogue of the International Renewable Energy Agency (IRENA).

Stock | Investment Rating | Target Price
FORTUNE REIT (00778.HK) | Buy | HKD5.92
Nvidia (NVDA.US) | Buy | USD245
XPENG-W (09868.HK) | Buy | HKD134.69
3SBIO (01530.HK) | Buy | HKD39.5
SHENZHOU INTL (02313.HK) | Buy | HKD84
SUNGROW POWER (300274.SZ) | Buy | RMB220
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AMD (AMD.US) entered into a major 6GW chip deal with OpenAI, CLSA released a research report saying. If this transaction is successfully executed, it will provide a 21-48% upside to the broker's 2026-2027 revenue forecasts for AMD.

However, market discussions have shifted further ahead, focusing on the direct competition between NVIDIA GPU vs Google TPU, where AMD's position and right of speech are at risk of being marginalized, leading to a situation of high dependence on OpenAI orders. Unless new significant customer commitments emerge, it will be difficult to change the current situation in the short term.

CLSA expected that, at least until 2028, OpenAI will continue to contribute one-third or more of AMD's GPU revenue. Given that the current share price has fully reflected optimistic expectations, the broker kept rating at Hold for AMD, and elevated its target price from US$180 to US$230.
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Promoting industry-academia collaboration and Sino-Pakistan technological and cultural exchanges through interdisciplinary energy and electrical engineering education

SHANGHAI, Nov. 28, 2025 /PRNewswire/ -- Shanghai Electric (SEHK: 2727, SSE: 601727) officially launched the Sino-Pakistan Academy of Excellence for Engineers (the "Academy") on November 24 as a joint initiative by Shanghai Electric and Shanghai Dianji University. The Academy aims to cultivate engineering talents that are internationally competitive, interdisciplinary and versatile, while building a pivotal platform for the technological and cultural exchange between China and Pakistan.

The launch event took place online and offline simultaneously across three locations in both countries. Representatives of the Thar Block-I integrated coal mine and power project ("Thar Project"), and Shanghai Dianji University signed a cooperation agreement for the Phase I training program, marking the official implementation of the talent cultivation initiative.

Zhu Zhaokai, President of Shanghai Electric Group, remarked that against the backdrop of profound adjustments in the global industrial landscape, there is a growing urgency for enterprises to seek versatile talents equipped with theoretical foundations, engineering practices, international perspectives, and cross-cultural collaboration capabilities.

"The establishment of the Academy is a significant initiative by Shanghai Electric to promote the deep integration of 'industry-academia-research-application' and to build an international talent cultivation system," he said. "Leveraging the academic strengths of Shanghai Dianji University in advanced manufacturing, we will deepen collaborative research, practical teaching, and faculty sharing, working together to create a new model for cultivating international talents under the 'Belt and Road' Initiative."

Gong Siyi, President of Shanghai Dianji University, expressed that the Academy, as a key overseas demonstration project, will be a priority. By integrating high-quality faculty and educational resources, the university is committed to maintaining high standards in talent development systems, teaching quality, and overall service support.

"The goal is to establish the Academy as a vital bridge for China-Pakistan friendship and technological cooperation," she noted.

As the first enterprise-led international engineering talent program under the China-Pakistan Economic Corridor (CPEC) framework, the Academy will offer tailored master's programs aligned with the Thar Project needs, focusing on energy and electrical engineering. Through dual mentorships pairing professors and industry experts, it will equip trainees to address real-world challenges by integrating theory with practice.

In recent years, Shanghai Electric has prioritized systematic talent cultivation and strategic planning in building the Academy, deepening industry–academia collaboration to foster an innovation ecosystem focused on globalization and advanced technological integration.

As a joint industry-education talent development platform established by Shanghai Electric Group and Shanghai Dianji University, the Shanghai Electric Academy of Excellence for Engineers has, since its inauguration in 2024, focused on empowering technological experts and cultivating high-caliber professionals. The Institute is committed to building a strong pipeline of future technology leaders.

As the Academy's first flagship initiative, the Tech Expert Symposium serves as a premium forum for leading experts and scholars to promote knowledge sharing, technical collaboration, and talent development. Since its launch, it has held five sessions featuring cutting-edge technological trends and practical engineering insights.

Behind Shanghai Electric's proactive talent strategy is a strong commitment to technological advancement and human capital during this period of rapid transformation. In the first half of 2025 alone, the company invested 2.546 billion CNY in R&D—a 9.4% year‑on‑year increase, equal to 4.7% of total revenue—with 39.5% of funding directed to emerging sectors.

To sustain accelerated innovation, Shanghai Electric has positioned and will keep positioning talent as its foremost strategic resource, reforming its development system to build a strong, well‑structured team.

For more information, please visit https://www.shanghai-electric.com/group_en/ .

Apple (AAPL.US)'s CEO, Tim Cook, posted on Weibo expressing his sorrow over the devastating fire in Hong Kong, and saying that Apple is concerned about every affected resident and sincerely thanks the frontline rescue teams. Apple will donate to support local relief efforts.
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BABA-W (09988.HK) launched new Quark AI glasses in China, entering the global AI wearable device market. The glasses' prices will start from RMB1,899, and the glasses are equipped with BABA-W's Qwen AI model and app.

Unlike other headsets launched by companies like Meta (META.US), the Quark AI glasses look like regular glasses with black plastic frame.
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U.S. bourse advanced on Wednesday, with the three major indices charting gains for the fourth consecutive trading day ahead of the Thanksgiving holiday. The DJIA settled up 314 points or 0.7%, at 47,427. The S&P 500 hiked 46 points or 0.7%, closing at 6,812. The Nasdaq jumped up 189 points or 0.8%, resting at 23,214.

AI concept stocks shored up the market, with Oracle (ORLC.US) surging approximately 4% as Deutsche Bank reiterated its bullishness on the stock. Nvidia (NVDA.US), threatened by Google in its AI chip dominance, saw its stock price rebound over 1%. Other chip stocks such as Broadcom (AVGO.US) and AMD (AMD.US) each spiked over 3%.

Among the "Magnificent Seven", Microsoft (MSFT.US) and Tesla (TSLA.US) each leaped nearly 2%, while Alphabet (GOOG.US) experienced the sharpest slump, falling about 1%.
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Zeyu Lu, a former member of Tesla (TSLA.US)'s Optimus dexterous hand team, has joined XIAOMI-W (01810.HK)'s robotics team, responsible for dexterous hand.

On personal social media platform, Lu introduced himself as the head of XIAOMI-W's robotic dexterous hand. He expressed his hope to accelerate the convergence of dexterous hand technology paths and its engineering implementation.
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93 new stores locked in at national conference as chain pivots to larger, experience-focused format in third-biggest market

HO CHI MINH CITY, Vietnam, Nov. 26, 2025 /PRNewswire/ -- Mixue Vietnam, the regional branch of MIXUE Group (02097.HK), the world's leading global freshly-made drinks company, concluded its highly successful 2025 Vietnam National Franchisee Conference on November 18 in Ho Chi Minh City and November 22 in Hanoi. The two events attracted nearly 700 franchisee candidates from provinces and cities across the country, resulting in 93 new store contracts signed on-site — a significant increase compared to the same period last year. Mixue Vietnam continues to see robust interest, with the pipeline of prospective franchisee candidates actively engaging in consultations and expressing intent to join, showing sustained growth.

Vietnam remains Mixue's third-largest market worldwide and a key driver of the brand's global growth. At the conference, Mixue Vietnam presented its latest operating results, product strategy, and supply-chain capabilities while unveiling a proactive strategic upgrade that shifts the brand from rapid density-focused expansion to a "mature expansion phase" centered on refined operations, enhanced consumer experience, and sustainable profitability.

A cornerstone of this transformation is the accelerated transition from the traditional "small-store model" to a new "large-store model." New and renovated stores feature spacious open bar counters, clearer customer flow, modern urban façades, and significantly larger floor areas. In major cities such as Hanoi, Bac Ninh, Hai Phong, and Da Nang, these upgraded flagship stores have quickly become social media hotspots among young Vietnamese consumers, reinforcing the company's positioning as a trendy yet affordable lifestyle brand.

Furthermore, Mixue is pursuing proactive structural upgrades aimed at cementing the brand's long-term foundation in the Vietnamese market. The company is strategically reallocating resources toward prime locations and more efficient store formats. This approach not only enhances the sustained profitability of its franchise investors and partners but also establishes a more resilient platform for future growth. By relocating stores to high-potential areas, Mixue has enabled 125 stores to achieve daily sales increases exceeding 50%, a clear testament to the effectiveness of this strategy.

From Hanoi to Ho Chi Minh City, Vietnamese investors and franchisees have wholeheartedly embraced the brand's sharpened strategic vision. Despite intense competition in the market, franchisee candidates enthusiasm remains strong. The 93 new stores signed during the two conferences will cover northern, central, and southern Vietnam, demonstrating that franchisees continue to place high confidence in Mixue's controllable investment costs, transparent return cycles, and proven brand stability.

Through store image renewal, elevated in-store experiences, and accelerated operational standardization, Mixue Vietnam will enter a new stage of high-quality development in Vietnam, creating greater long-term value for franchise partners, employees, and millions of Vietnamese consumers.

Since entering Vietnam, Mixue has introduced high-quality fresh-made fruit drinks, tea, ice cream, and coffee at an average price of only VND 10,000–30,000, winning widespread love from Vietnamese consumers. Backed by the group's globally integrated end-to-end supply chain, encompassing procurement, production, logistics, R&D, and quality control, Mixue Vietnam will provide consistent product quality and cost advantages even during rapid international expansion.

As of June 2025, MIXUE Group operates more than 53,000 stores worldwide across China and 12 international markets, representing a net addition of 9,796 stores year-over-year. MIXUE Group continues to deepen its presence in Southeast Asia, supporting sustainable and stable operations for existing stores while selectively entering new markets at the appropriate time. International store numbers reached 4,733 in the first half of the year, an increase of 128 locations compared with the same period in 2024. In a further milestone, MIXUE Group was recently named to the 2025 TIME100 Most Influential Companies list by TIME magazine, becoming the only restaurant chain to earn a place on this global ranking.

For more information about Mixue Vietnam, please visit https://vn.mixue.com/ or follow the official Facebook page at https://www.facebook.com/Mixue.Vietnam.

About MIXUE Group

Founded in China, MIXUE Group is the world's leading global freshly-made drinks company. Operating the freshly-made tea drinks brand Mixue and freshly-made coffee brand Lucky Cup, Mixue has built a comprehensive end-to-end supply chain at the largest scale in China's freshly-made drinks industry, encompassing essential aspects covering procurement, production, logistics, R&D and quality control. The company is committed to delivering high-quality, affordable fresh beverages to consumers worldwide through its extreme-efficiency global supply chain and franchise model.