Xpeng projects Q2 revenue below analyst expectations
The automaker expects June quarter revenue between 19.6 and 20.8 billion yuan. First quarter deliveries fell 33 percent as domestic competition intensifies.
XPENG INC - CLASS A SHARES forecast second-quarter revenue between 19.60 billion yuan and 20.80 billion yuan, missing analyst estimates of 21.71 billion yuan. The outlook follows a 33.3% drop in first-quarter vehicle deliveries as domestic car sales in China fell for seven consecutive months. Investors are weighing Xpeng's ability to scale four new models against a broader slowdown in the world's largest EV market.
### Revenue Miss Amid Market Saturation Xpeng projected revenue growth of 7.3% to 13.8% for the June quarter, trailing the 21.71 billion yuan LSEG estimate. The forecast reflects cooling demand despite the automaker's push into advanced driver-assistance systems and expanded model lineups.
