XPENG-W (09868) Drops Over 3% as November Vehicle Deliveries Decline 12.58% MoM

Stock News12-02

XPENG-W (09868) fell more than 3%, trading at HK$80.75 by the time of writing, down 3.12%, with a turnover of HK$446 million. On December 1, major EV makers released their November delivery figures. XPENG delivered 36,728 vehicles in November, marking a 19% year-on-year increase but a 12.58% month-on-month decline. This represents the company's first monthly sequential drop in six months.

In Q3 2023, XPENG reported revenue of RMB20.38 billion, up 102% YoY, while net loss attributable to shareholders narrowed to RMB380 million from RMB1.81 billion in the same period last year. The company expects Q4 revenue to range between RMB21.5 billion and RMB23 billion, reflecting a YoY growth of 33.5% to 42.8%. It also forecasts deliveries of 125,000 to 132,000 vehicles, a 36.6% to 44.3% YoY increase.

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