On June 11, XPeng Group-W fell 3.02% in regular trading, trading at HKD 57.5 per share, with trading volume of approximately HKD 100 million. Multiple negative catalysts continued to pressure the stock.
On the news front, XPeng's humanoid robot senior product planning director Shi Xiaoxin officially departed in early June after 1,675 days with the company. Shi was the core figure behind IRON humanoid robot's journey from prototype to mass production preparation. His departure comes at a critical juncture as XPeng targets year-end mass production for IRON, raising market concerns over potential timeline disruption. In response, CEO He Xiaopeng announced on June 10 that he would personally assume the role of robotics business unit CEO to drive the production push forward.
Additionally, XPeng reported a Q1 net loss of RMB 1.78 billion, reversing the prior quarter's brief profitability. Revenue declined 17.6% year-over-year, while vehicle deliveries fell 33.3% to approximately 63,000 units. The broader Hong Kong tech sector also traded lower, with peers including Li Auto and BYD declining.
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