On October 2, XPENG-W fell 3.91% in regular trading, trading at HK$36.18/share, with turnover of HK$15.40 million. The decline was triggered by disappointing September delivery figures and persistent fundamental headwinds.

XPENG reported September deliveries of 41,256 units, representing only a 5% month-over-month increase, a notable deceleration. Third-quarter cumulative deliveries reached 118,390 units, up 15% quarter-over-quarter. Among new energy vehicle peers, Leapmotor surpassed 100,000 units in the same period, highlighting XPENG's relatively lagging delivery scale. The company's first-half results also weighed on sentiment, with revenue of RMB 32.78 billion declining 3.8% year-over-year, while adjusted net losses widened sharply to RMB 2.92 billion from RMB 810 million. Operating cash flow swung to a net outflow of RMB 11.72 billion. Additionally, JPMorgan recently reduced its stake to 4.93%, falling below the 5% disclosure threshold.

Within the Automobile Manufacturers sector, the overall sector remained under pressure. Among individual stocks, SERES up 7.47%, GEELY AUTO down 0.62%, BYD COMPANY down 2.25%, LI AUTO-W down 2.93%, LEAPMOTOR down 3.04%.

(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.)