On June 16, XPeng Inc fell 5.11% in regular trading, trading at $13.7559/share, with turnover of $38.76 million. The decline came amid broad-based weakness across the electric vehicle sector and persistent concerns over the company's recent quarterly loss.

The EV sector saw widespread selling pressure, with Rivian down 4.53%, NIO down 4.52%, and Tesla down 2.07%. XPeng's decline was compounded by lingering negative sentiment following its Q1 earnings report, which showed net losses of 1.78 billion yuan, a sharp reversal from the prior quarter's brief profitability. Revenue fell 17.6% year-over-year to 13.03 billion yuan, while quarterly deliveries dropped 33.3% to 62,682 vehicles. R&D expenditure surged 46.8% to 2.91 billion yuan, fully consuming gross profit as the company accelerates its physical AI and robotics initiatives.

The company's asset-liability ratio climbed to 71.77%, a historical high, as it continues investing heavily in humanoid robotics, Robotaxi, and AI chip development alongside its core vehicle business.

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