Central Asset Investments Initiates Position With 349,000 Shares of EV Maker XPeng
Key Points
Central Asset bought 349,088 shares, worth over $8 million.
The position now represents 4.8% of 13F reportable assets under management (AUM).
XPeng now ranks as the fund’s third-largest stock holding.
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What happened
According to a filing with the Securities and Exchange Commission dated Nov. 17, 2025, Central Asset Investments & Management Holdings (HK) Ltd established a new position in XPeng (NYSE:XPEV), acquiring 349,088 shares worth $8,175,641. This move brought the fund’s total number of 13F reportable holdings to 57 as of the quarter ended Sept. 30, 2025.
What else to know
This is a new position, accounting for 4.83% of the fund’s 13F reportable AUM.
Top holdings after the filing:
- Nvidia: $29.7 million (21.0% of AUM)
- Taiwan Semiconductor: $14.7 million (10.3% of AUM)
- XPeng: $8.2 million (5.8% of AUM)
- Kingsoft Cloud Holdings: $6.9 million (4.9% of AUM)
- Vistra: $5.2 million (3.7% of AUM)
As of Nov.16, 2025, XPeng shares were priced at $25.01, up 98% over the past year, outperforming the S&P 500 by 74.8 percentage points.
Company overview
| Metric | Value |
|---|---|
| Market capitalization | $23.8 billion |
| Revenue (TTM) | $9.9 billion |
| Net income (TTM) | ($400 million) |
| Price (as of market close Nov. 14, 2025) | $25.01 |
Company snapshot
- XPeng develops, manufactures, and markets smart electric vehicles, including SUVs (G3, G3i), sports sedans (P7), and family sedans (P5), as well as providing related services such as maintenance, super charging, leasing, and insurance agency.
- The China-based company generates revenue primarily through the sale of electric vehicles and value-added mobility services, leveraging proprietary technology and direct-to-consumer channels.
- XPeng serves technology-oriented consumers in China, focusing on urban and suburban markets seeking advanced electric mobility solutions.
XPeng is a leading Chinese smart electric vehicle manufacturer with a market capitalization of $23.79 billion and trailing twelve-month revenue of $9.9 billion, as of Nov. 17, 2025. It differentiates itself through an integrated approach to vehicle design, manufacturing, and direct sales, supported by a suite of mobility and after-sales services. XPeng’s emphasis on technology innovation and customer experience positions it competitively within the rapidly evolving EV sector in China.
Foolish take
XPeng just updated investors with its third-quarter earnings report on Nov. 17. The company approximately doubled revenue year over year. That came from a 149% jump in vehicle unit sales. At the same time, the company has improved gross profit both sequentially and year over year.
XPeng is not yet profitable, but it is moving in that direction as vehicle sales continue to grow. October vehicle deliveries set another monthly record. That sales momentum could be what led Central Asset Investments to establish a position in the Chinese EV maker.
The firm clearly believes XPeng will turn the corner to profitability, as it immediately made it a top-five position in its portfolio. The Chinese EV market is particularly competitive, but XPeng is growing its business nicely.
Investors who believe that EV sales will continue to grow in China and elsewhere might want at least a small position in XPeng. Considering the competitive risks, though, a wise alternative could be to hold a basket of those names, too.
Glossary
13F reportable assets under management (AUM): The total value of securities a fund must disclose in quarterly SEC Form 13F filings.
New position: When an investor or fund buys shares of a company it did not previously own.
Net increase: The total change in value or quantity after accounting for all additions and subtractions.
Stake: The amount of ownership or shares held in a particular company by an investor or fund.
Holdings: The collection of securities or assets owned by an investor or investment fund.
Direct-to-consumer channels: Sales methods where products are sold directly from the company to end customers, bypassing intermediaries.
Value-added mobility services: Additional services related to transportation, such as maintenance, charging, leasing, or insurance, offered alongside vehicle sales.
Proprietary technology: Technology owned and developed by a company, not licensed from or shared with others.
TTM: The 12-month period ending with the most recent quarterly report.
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Howard Smith has positions in Nvidia and has the following options: short February 2026 $170 calls on Nvidia. The Motley Fool has positions in and recommends Nvidia and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
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