Chinese EV maker Xpeng falls as AI investments impact Q4 outlook

NIO

17/11/2025 15:50

Updates

** U.S.-listed shares of Chinese EV maker Xpeng 9868.HK, XPEV.N down 6.7% at $23.3 after co forecasts Q4 revenue below analysts' expectations

** Forecast reflects heavy investment in AI and robotics, including flying car concepts and humanoid robots, weighing on near-term EV margins and profitability

** XPEV sees Q4 revenue of 21.5 bln yuan to 23.0 bln yuan, compared with the estimate of 26 bln yuan - data compiled by LSEG

** Cautious outlook comes despite Xpeng and rival Nio 9866.HK posting record deliveries in October

** Third Bridge experts say, with the imposition of purchase taxes, XPeng and other automakers are likely to face challenges in the first quarter of 2026

** Xpeng's Q3 revenue more than doubles to 20.38 bln yuan ($2.86 bln) while its net loss narrows

** Including session's moves, XPEV shares nearly double YTD

($1 = 7.1068 Chinese yuan renminbi)

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))