On August 27, XPENG-W declined 3.13% in regular trading, trading at HK$45.3/share with turnover of HK$112 million, giving back gains after the previous session's 7%-plus rebound.

Multiple brokerages issued target price cuts following the company's Q2 earnings miss. BOCOM International maintained a Buy rating but lowered its target to HK$76.70, while China Merchants Securities International cut its target to HK$92, citing near-term weakness in the auto cycle despite long-term potential in physical AI. The Q2 net loss of RMB 1.34 billion expanded nearly 1.8x year-over-year, far exceeding the market consensus estimate of RMB 719 million. Q3 revenue guidance of RMB 21.7-23.4 billion also fell significantly short of the market estimate of RMB 27.26 billion.

Although the robot business unit's completion of a record-breaking US$900 million first-round financing at a US$6.3 billion post-money valuation lifted sentiment on August 26, the automotive main business profitability inflection point being deferred to Q4 continues to dominate market pricing.

(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.)