On June 17, XPENG-W declined 3% in regular trading.
On the news front, the company reported a Q1 net loss of RMB 1.78 billion, with revenue falling 17.6% year-over-year and deliveries dropping 33.3% to 62,682 units — the lowest quarterly delivery since Q4 2024. The company had just achieved RMB 380 million in net profit last quarter before returning to losses, indicating profitability has yet to stabilize.
Additionally, Chairman He Xiaopeng announced on June 10 that he would personally assume the role of robot business CEO to stabilize confidence following executive departures. However, with R&D expense ratio climbing to 22.33% amid aggressive Physical AI investments and industry-wide May retail volumes declining over 20% year-over-year, market sentiment remains under pressure. The robot business commercialization faces challenges in cost control and application scenarios, while high R&D spending continues to weigh on near-term earnings.
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