Xpeng shares sink as weak delivery forecast overshadows $6.3 billion robot unit valuation

Chinese electric vehicle manufacturer Xpeng experienced significant stock declines following the release of disappointing quarterly results and forward guidance. Hong Kong-listed shares dropped more than 9% on Tuesday, while U.S.-listed shares closed 8.5% lower on Monday.
The company reported a second-quarter net loss of 1.34 billion yuan (equivalent to 200 million in other currency) despite revenue rising 8% to 19.74 billion yuan. More significantly, Xpeng projected third-quarter deliveries be