On September 7, XPENG-W fell 3.09% in regular trading, trading at HK$42.04/share, with turnover of HK$209 million. The decline reflects a confluence of sector-wide weakness, decelerating delivery growth, and a significant analyst target price cut.

On the delivery front, XPENG reported 39,107 vehicles delivered in August, representing only a 4% year-over-year increase — markedly lagging peers such as Leapmotor, which surged 80.7% YoY to over 103,000 units, and Zeekr, which climbed 109.8%. Industry data indicated that new energy vehicle orders in Week 35 declined 6% week-over-week, signaling softening demand momentum.

Jefferies cut its price target on XPENG from HK$98.30 to HK$75.70 while maintaining a Buy rating. The average analyst target stands at approximately HK$74.26. First-half financials showed persistent losses, with estimated per-vehicle losses of roughly RMB 18,800, underscoring continued profitability headwinds.

Within the Automobile Manufacturers sector, the broader group traded lower. Among peers, BYD COMPANY fell 2.09%, LEAPMOTOR fell 3.44%, NIO-SW fell 2.10%, GEELY AUTO fell 1.50%, while LI AUTO-W bucked the trend with a 3.22% gain.

(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.)