XPENG-W (09868) saw its shares plunge 5.04% during Tuesday's intraday session, underperforming the broader market. The sharp decline followed the company's release of November delivery figures, which revealed a 12.58% month-on-month drop to 36,728 vehicles—marking its first sequential decline in six months.
The delivery slump overshadowed a 19% year-on-year increase, with investors reacting negatively to the weakening momentum. XPeng's performance mirrored broader weakness in the EV sector, where peers like NIO and Li Auto also reported MoM delivery declines amid slowing demand.
While XPeng maintains optimistic full-year guidance, the November slowdown has raised concerns about near-term growth sustainability, particularly as competitive pressures intensify in China's EV market.
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