Business & Economy · 35 views
Xpeng shares sink as weak delivery forecast overshadows $6.3 billion robot unit valuation
Xpeng shares slid after weak delivery guidance, even as its nascent robotics business secured a valuation nearly matching that of its core EV business.
AI Summary
Xpeng shares dropped more than 9% in Hong Kong after the company released a weaker‑than‑expected third‑quarter delivery forecast. The EV maker projected deliveries of 115,000 to 121,000 vehicles for Q3, a decline from prior expectations. Despite the sales outlook, its robotics unit secured a valuation of over $6.3 billion in a recent funding round. In Q2, Xpeng posted a net loss of 1.34 billion yuan (about $200 million) while revenue increased 8% to 19.74 billion yuan.
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