Xpeng HK shares slip most in 5 weeks as second-quarter revenue forecast disappoints

XPeng

29/05/2026 07:30

** Hong Kong-listed shares of electric vehicle maker Xpeng 9868.HK slip 4.7% to HK$63.2, on track for the biggest one-day pct drop since April 23
** Sixth biggest pct loser in Hang Seng TECH Index .HSTECH, which adds 0.6%
** U.S.-listed stock XPEV.N slid 0.1% on Thursday 
** Xpeng on Thursday forecast Q2 revenue of 19.60 billion yuan ($2.90 billion) to 20.80 billion yuan, below market expectations of 21.71 billion yuan, underscoring a prolonged slowdown in demand and stiff competition in the Chinese EV market
** Revenue for the first quarter ended March stood at 13.03 billion yuan, above the 12.93 billion yuan estimate 
** YTD, Hong Kong stock down 19.9%, U.S.-listed shares down 18.9%
     
     
($1 = 6.7687 Chinese yuan renminbi)

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))