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XPENG-W Opens 7%+ Lower as 4Q Rev. Forecast Misses
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XPENG-W (09868.HK)'s 3Q25 non-GAAP net loss narrowed to RMB152 million, but its 4Q25 revenue guidance missed market expectations.

Overnight (17th), XPeng (XPEV.US)'s ADR closed down 10.32% at US$22.43. This morning (18th), XPENG-W's H-shares opened 7.3% lower at $89, with pre-market trading volume of 826,500 shares, involving $73.5552 million.

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XPENG-W expected 4Q25 vehicle deliveries to range between 125,000 and 132,000 units, representing a YoY increase of approx. 36.6-44.3%. Total revenue is projected to be between RMB21.5 billion and RMB23 billion, below the market consensus of RMB26 billion.
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