XPeng Shares Plummets 10% Following Weak Q3 Revenue Guidance

Key Facts

Amid intensifying competition in the Chinese electric vehicle sector, XPeng faced sharp selling pressure following the release of a weak financial outlook. The company's shares dropped 9.5% in Hong Kong and 9% in US trading after issuing guidance that disappointed investors. This decline was primarily triggered by growing concerns regarding the firm's ability to scale production and successfully convert market demand into actual vehicle deliveries.

XPeng projected its Q3 revenue to fall between RMB21.7 billion and RMB23.4 billion, significantly missing the RMB26.69 billion consensus estimated by analysts. Per market data, this substantial guidance miss led to immediate price target cuts and a technical breakdown in both the Hong Kong and US markets as investors reassessed the company's near-term growth trajectory.

XPeng stock (9868.HK) stood at 47.68 HKD at the close of August 24, 2026, having touched a session low of 46.44 HKD. Traders are closely monitoring broader economic conditions in China, where the 1-year Loan Prime Rate was held steady at 3% as of August 20, 2026, a key factor influencing financing costs for the manufacturing and consumer sectors.