• Traders are reacting to weak EV sector sentiment and lingering concerns over Xpeng's Q1 net loss of RMB 1.78 billion.
  • This comes despite the company providing strong Q2 revenue guidance of RMB 19.6 billion to RMB 20.8 billion and recent recognition for its autonomous driving technology and strong performance in European EV tests.
  • Fierce competition and macroeconomic headwinds in the electric vehicle market continue to exert pressure on the stock.