On September 21, XPENG-W fell 3.28% in regular trading, trading at HK$40.64/share, with turnover of HK$111 million. The decline came as the broader automobile manufacturing sector weakened, with new energy vehicle makers under widespread selling pressure.

On the fundamental side, the company reported a cumulative net loss of RMB 3.12 billion for the first half of the year, widening 173.7% year-over-year, while its vehicle gross margin slipped further from 14.3% to 12.1%. Adding to the pressure, domestic passenger vehicle demand declined 17.25% in the first half, weighing on sector-wide sentiment. Within the Automobile Manufacturers sector, BYD COMPANY fell 0.74%, LI AUTO-W fell 2.94%, LEAPMOTOR fell 0.86%, GEELY AUTO fell 0.82%, while BRILLIANCE CHI rose 4.62%.

Notably, the company recently launched the G9L flagship SUV starting at RMB 231,800, and disclosed plans to expand technology licensing beyond Volkswagen to additional foreign automakers — developments that had lifted shares earlier in the week but were insufficient to offset broader sector and earnings headwinds.

(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.)