XPENG-W (09868) saw its shares plummet 5.04% during intraday trading on Tuesday, reflecting investor concerns over the company's latest vehicle delivery figures.
The decline follows XPeng's November delivery report, which revealed a 12.58% month-on-month drop to 36,728 vehicles. This marks the company's first sequential delivery decline in six months, despite a 19% year-on-year increase. The weaker-than-expected performance has raised questions about near-term demand and growth sustainability.
The broader EV sector in Hong Kong also faced pressure, with NIO and Li Auto shares sliding alongside XPeng. Analysts attribute the sector-wide weakness to similar month-on-month delivery declines across major EV makers.
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