On June 10, XPeng Group-W declined 3.51% in regular trading, trading at HK$58.9 per share, with trading volume of HK$262 million. Multiple negative catalysts continued to pressure the stock.
On the news front, XPeng's Senior Director of humanoid robot product planning, Shi Xiaoxin, officially departed in early June after 1,675 days at the company. He was a core figure in the IRON humanoid robot's journey from prototype iteration to mass production preparation. His departure coincides with a critical juncture ahead of IRON's year-end mass production target, raising market concerns over potential delays. The company responded that the departure was due to personal career planning adjustments and that the product is advancing as scheduled.
Additionally, XPeng's Q1 results showed a swing from profit to loss, with a net loss of RMB 1.78 billion. Revenue came in at RMB 13.03 billion, down 17.6% year-over-year, while deliveries totaled 62,682 units, a 33.3% decline. R&D spending surged 46.8% to RMB 2.91 billion, further compressing margins. Separately, product quality concerns emerged following online reports of a vehicle fire incident and an accelerator malfunction complaint from a vehicle owner.
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