Movement Alert|XPeng Group Falls 3.01% in Regular Trading, Industry Sales Plunge and Q1 Loss Weigh on Sentiment

Market Focus06-23 11:15

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment