Market Insight | XPENG-W drops over 4% as first-half net loss narrows by nearly 50% EU discloses final ruling on electric vehicles in China

XPENG-W is now down more than 4%, as of the time of publication, it is down 4.17% to HKD 26.45, with a turnover of HKD 6.3269 million. On the news front, XPeng released its performance. In the second quarter, revenue was RMB 8.11 billion, a year-on-year increase of 60.2%; net loss was RMB 1.28 billion, a year-on-year decrease of 54.2%; and car deliveries increased by 30% year-on-year to 30,207 units. In the first half of this year, the company's total revenue was RMB 14.66 billion, a year-on-year increase of 61.2%; net loss was RMB 2.65 billion, a year-on-year decrease of 48.44%. XPeng expects revenue in the third quarter to be between RMB 9.1 billion and RMB 9.8 billion, a year-on-year increase of 6.7%-14.9%. XPeng expects car deliveries in the third quarter to be between 41,000 and 45,000 units, a year-on-year increase of 2.5-12.5%. It is worth noting that, according to CCTV News, on August 20th local time, the European Commission disclosed a draft decision to impose final anti-subsidy duties on pure electric vehicles imported from China. A spokesperson for the Ministry of Commerce responded that the final ruling disclosure was based on the unilateral determination of the European side, not on facts mutually recognized by both sides, and China strongly opposes and is highly concerned about this