Xpeng Hong Kong shares hits near 2-year low on Q2 revenue miss

XPeng

25/08/2026 03:01

** Hong Kong shares of Chinese EV maker Xpeng 9868.HK fall 9.1% to HK$43.34, their lowest level since November 2024
** Stock set forbiggest one-day pct decline since November 18, 2025
** Top pct loser in Hang Seng TECH Index .HSTECH, which is down 0.6%
** U.S.-listed stock XPEV.N fell 8.5% on Monday
** Xpeng reports Q2 revenue of 19.74 billion yuan ($2.91 billion), missing analysts' estimates of 20.53 billion yuan, with wider than expected quarterly net loss of 1.34 billion yuan, as compared to estimate of 0.51 billion yuan loss
** Company forecast third-quarter revenue below Wall Street expectations on Monday, hurt by intensifying competition in the domestic auto market
** Separately, Xpeng's robotics unit ​raised more than $900 million in its first funding round, setting a record for a single private financing in China's embodied AI sector
** Nomura, with "Buy" rating on the U.S. shares, says 2Q26 financials have improved but more patience needed for 2H26F
** YTD, Hong Kong stock down 43.6%, U.S.-listed shares down 45%

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