On August 24, XPENG-W declined 3.2% in regular trading, trading at 46.52 HKD/share, with turnover of approximately 251 million HKD. The decline came as the company was scheduled to release its latest quarterly earnings report the same day, with institutional expectations remaining cautious.

Citibank projected XPENG's Q2 Non-GAAP net loss at approximately 1 billion yuan, with consolidated gross margin of around 20% and automotive gross margin of roughly 12.5%. Last quarter, the company reported revenue of 13.034 billion yuan, down 17.56% year-over-year, with a net loss of 1.784 billion yuan. Meanwhile, on August 21, nine automakers including XPENG initiated recalls of over 4.27 million vehicles due to emergency door handle safety concerns, with XPENG models G6, P7+, and X9 affected.

The broader automobile sector also weakened, with BYD COMPANY down 2.09%, LI AUTO-W down 2.54%, GEELY AUTO down 1.49%, and LEAPMOTOR down 1.4%.

(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.)