XPENG-W (09868) fell more than 5%, leading the decline among new energy vehicle stocks. As of the time of writing, the stock was down 5.1% to HK$71.6, with a turnover of HK$1.313 billion. The company is scheduled to release its fourth-quarter and full-year 2025 results today. China International Capital Corporation (CICC) previously lowered its 2025 profit forecast for XPeng to a loss of RMB 1.13 billion, compared to a prior estimate of a loss of RMB 780 million, citing increased expense investments and intensified market competition. Meanwhile, UOB Kay Hian maintained its forecast for XPeng's 2025 net loss at RMB 1.481 billion, implying a fourth-quarter net profit forecast of RMB 42 million, below the market consensus estimate of RMB 100 million.