Co-movers

daily closes · 499dMethod

Moved together

XPEVwithZLAB

×0.30co-movement · ZLAB on XPEV · 499d

r 0.31scale to r 0.75

Shared co-movers2with XPEVwith ZLAB

NIONIO Inc.r 0.59r 0.30

JDJD.com, Inc.r 0.48r 0.28

XPEV, solidZLAB, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

XPEVXpeng Inc.

9.68+1.10%

Mkt cap$9.1BRevenue—Revenue—

ZLABZai Lab Ltd

21.90+1.09%

Regular sessionNov 3 '26

Mkt cap$2.4BRevenue$106MQ2 FY26Revenue$460MFY25

vs

Compare

Regular sessionNov 3 '26

XPEVXpeng Inc.

vs

ZLABZai Lab Ltd

9.68+1.10%

Price

21.90+1.09%

$9.1B

Mkt cap

$2.4B

—

Revenue

$106MQ2 FY26

—

Revenue

$460MFY25

XPEV compared with ZLAB: revenue, margins and what each company keeps, and the suppliers and customers both name