On August 19, XPENG-W fell 3.39% in regular trading, trading at 45.7 HKD/share, with turnover of 51.31 million HKD.

On the news front, the company's board is scheduled to convene on August 24 to review Q2 and interim results, with markets expressing concern over profitability. July delivery data showed 38,027 vehicles, up only 4% year-over-year and down 5.23% month-over-month, retreating to the 30,000-unit range after briefly touching 40,000 in June. The company's automotive gross margin has declined from 14.3% in Q2 last year to 12.1% in Q1 this year. Meanwhile, the broader auto industry saw profits drop nearly 20% in the first half, with profit margins at just 3.8%, reinforcing cautious sentiment ahead of the upcoming earnings release.

Additionally, the company's sales remain heavily dependent on the entry-level MONA M03, which accounted for nearly 40% of total volume in H1. A large-scale recall of the X9 model has further weighed on brand perception, while the newly launched GX model reportedly underperformed initial expectations despite aggressive pricing.

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