On June 10, XPeng (XPEV) fell 5.04% overnight, trading at $14.7/share, with trading volume of $2.142 million.

On the news front, Guosen Securities recently maintained its Outperform rating on XPeng but lowered its profit forecast due to rising raw material costs including storage chips and increased AI-related R&D spending, projecting a full-year net loss attributable to shareholders of approximately 1 billion yuan. Previously reported Q1 results showed revenue of 13.03 billion yuan, down 17.6% year-over-year, with a net loss of 1.78 billion yuan. Quarterly deliveries totaled 63,000 units, down 33.3% year-over-year. While gross margin improved 5 percentage points to 20.6%, the significant decline in deliveries combined with a substantially increased R&D budget of approximately 12 billion yuan continues to weigh on near-term profitability.

Within the Automobile Manufacturers sector, the broader group traded lower. Among individual stocks, Tesla Motors down 1.36%, Rivian Automotive down 0.70%, General Motors down 0.69%, Ford down 0.40%, Ferrari down 0.39%.

(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.)