On June 8, XPeng Group-W fell 4.31% in regular trading, trading at approximately HK$62.85/share, with trading volume of HK$292 million.

Multiple negative catalysts continued to weigh on the stock. Shi Xiaoxin, Senior Director of Robot Product Planning, formally resigned in early June after 1,675 days at the company. He was the core figure behind the IRON humanoid robot from prototype iteration to mass production preparation. His departure comes at a critical juncture as IRON targets year-end mass production, raising market concerns about potential schedule delays.

Separately, XPeng's Q1 results swung from profit to loss, posting a net loss of RMB 1.78 billion. Revenue fell 17.6% year-over-year to RMB 13.03 billion, while deliveries dropped 33.3% to 62,682 units. R&D spending surged 46.8% to RMB 2.91 billion, further compressing margins. Following the earnings release, JPMorgan cut its target price from HK$135 to HK$118, and CMB International lowered its target from HK$94 to HK$82.

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