$XPeng Inc.(XPEV)$
It reported an adjusted loss of RMB1.28 per share for the first quarter.
Previously announced data showed that XPeng delivered 18,230 vehicles in the first quarter, slightly above the lower end of the guidance range of 18,000 to 19,000 vehicles.
The company previously guided for first-quarter revenue of RMB 4 billion to RMB 4.2 billion, down about 43.7 percent to 46.3 percent year-on-year.
XPeng deliveries have been weak since the second half of last year, with the G9 launch in September failing to generate consumer enthusiasm.
The company's sales now appear to be dampened again by the G6 as potential consumers await the model, whose launch and delivery are expected to take place by the end of June.
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