On June 23, XPeng Group-W declined 3.01% in regular trading, trading at HKD 50.1/share, with turnover of HKD 346 million, extending its consecutive losing streak and approaching a new year-to-date low.
On the news front, the Hong Kong-listed auto sector continued to weaken broadly amid deteriorating industry fundamentals. National statistics showed May single-month auto retail sales fell 16.1% year-over-year, while cumulative January-May domestic auto sales totaled 8.147 million units, down 20.6% year-over-year, with both fuel vehicles and new energy vehicles declining. Intensifying price wars and surging raw material costs — lithium carbonate rising from RMB 70,000/ton to RMB 200,000/ton — are further compressing industry margins.
At the company level, XPeng reported a Q1 net loss of RMB 1.78 billion, with revenue down 17.6% year-over-year and deliveries falling 33.3% year-over-year. R&D expense ratio climbed to 22.33%, and the company returned to losses after a brief period of profitability. Among peers, Li Auto fell 3.64%, BYD Company fell 2.68%, and Leapmotor fell 1.67%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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