Xpeng Motors' delivery expectations are weak, stock price drops by 9%
2026-08-25 12:21:31
According to CoinMeta, Xpeng Motors' stock price in Hong Kong fell by more than 9% on Tuesday due to the company's third-quarter delivery forecasts falling short of market expectations, despite its robotics business unit receiving a valuation of over $6.3 billion in its first round of financing. Xpeng Motors' shares listed in the United States on Monday closed down 8.5%. The company reported a net loss of 1.34 billion yuan (about $200 million) in the second quarter, with the loss margin expanding compared to last year, while revenue increased by 8% to 19.74 billion yuan year-on-year. Xpeng expects delivery volumes in the third quarter to be between 115,000 and 121,000 units. Citibank stated that the delivery targets failed to meet investors' expectations, mainly due to supply chain constraints affecting the production of Xpeng's Mona L03 model.
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Source:Internet
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