On June 6, XPeng Inc. fell 5.03% in regular trading, trading at $15.965/share, with trading volume of $37.47 million. The decline comes amid broad-based selling across the automobile manufacturing sector and continued investor digestion of the company's disappointing Q1 earnings.

XPeng reported Q1 results on May 28 showing a return to losses after achieving its first quarterly profit in Q4 of the prior year. The company posted a net loss of RMB 1.78 billion, with revenue declining 17.6% year-over-year to RMB 13.03 billion. Deliveries fell 33.3% YoY to 62,682 vehicles, while R&D expenses surged 46.8% to RMB 2.91 billion due to new vehicle and AI-related development. Quality concerns surrounding the G7 model have also weighed on sentiment, with widespread complaints of paint peeling and rust issues emerging within months of delivery.

The broader auto sector saw significant weakness, with Tesla down 5.21%, Rivian down 8.62%, Ford down 4.26%, General Motors down 1.30%, and NIO down 5.80%. Multiple investment banks have trimmed target prices following Q1 results, though most maintain buy ratings, citing expectations for sales acceleration in Q2 with 60-70% sequential volume growth and a potential return to profitability in the second half.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)