Movement Alert|XPeng Group Falls 3.06% in Regular Trading, Q1 Loss Widens Amid Sector-Wide Selling Pressure

Market Focus06-03 10:16

On June 3, XPeng Group-W (09868.HK) declined 3.06% in regular trading, trading at HKD 69.75/share, with trading volume of HKD 387 million.

On the news front, the company's previously released Q1 report showed a net loss of RMB 1.784 billion, widening 168.67% year-over-year, while quarterly deliveries fell 33.3% to 62,682 units and total revenue declined 17.6% to RMB 13.03 billion. Additionally, ongoing quality control disputes surrounding the XPeng G7 model — with over 100 complaints of paint peeling and rust surfacing on consumer platforms — have continued to weigh on market sentiment.

The broader HK-listed auto sector faced notable selling pressure on the same day. Among peers, Li Auto fell 4.52%, Leapmotor dropped 4.39%, NIO declined 2.73%, BYD slid 1.76%, and Geely Auto edged down 0.27%. Analysts noted that the combination of intensifying competition, rising raw material costs, and the transition from full EV purchase tax exemption to a reduced 5% rate has created headwinds for new energy vehicle makers, particularly those experiencing delivery volume declines.

(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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