On July 21, XPeng Group-W declined 3.3% in regular trading, trading at HK$51.4/share, with turnover of HK$59.44 million. The decline came after a notable rebound in the prior session, as ongoing industry headwinds and unresolved product quality concerns triggered a pullback.

On the industry front, CICC recently noted that domestic passenger vehicle demand in the first half underperformed expectations, projecting that Q3 volumes will remain under pressure, with year-over-year monthly sales recovery potentially delayed to Q4. Automakers face intensifying challenges including concentrated new model launches, inventory buildup, and margin compression.

Meanwhile, the XPeng X9 air spring failure issue continues to ferment. Multiple owners reported suspension collapses during high-temperature driving, prompting XPeng to publicly apologize and extend the front air spring system warranty to 8 years or 160,000 kilometers. Analysts flagged concerns over brand reputation damage and potential after-sales cost escalation, with some experts suggesting a formal recall may be unavoidable.

Despite strong momentum from the MONA L03 global launch — which accumulated over 46,800 firm orders — and buy ratings maintained by Morgan Stanley, Goldman Sachs, and Deutsche Bank, the stock faced short-term profit-taking following the prior session's approximately 3.4% gain.

(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.)