{"id":132000,"date":"2026-03-23T02:28:39","date_gmt":"2026-03-23T05:28:39","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/901186326"},"modified":"2026-03-23T02:28:39","modified_gmt":"2026-03-23T05:28:39","slug":"xpeng-shares-decline-as-revenue-forecast-misses-estimates","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/23\/xpeng-shares-decline-as-revenue-forecast-misses-estimates\/","title":{"rendered":"Xpeng shares decline as revenue forecast misses estimates"},"content":{"rendered":"

The company expects sales of 12.2 billion yuan to 13.3 billion yuan during the first three months of this year<\/p>\n

\n

Published Mon, Mar 23, 2026 \u00b7 10:51 AM<\/span><\/p>\n<\/div>\n

\n

[HONG KONG] Xpeng shares declined after the automaker\u2019s first-quarter revenue forecast fell short of estimates as a slump in Chinese vehicle demand hurt deliveries at the start of the year. <\/p>\n

The stock dropped as much as 4.9 per cent in early Hong Kong trading on Monday (Mar 23), taking this year\u2019s decline to around 14 per cent. <\/p>\n

The company expects sales of 12.2 billion yuan (S$2.3 billion) to 13.3 billion yuan during the first three months of this year, according to a Friday filing, missing analyst estimates of 15.7 billion yuan. <\/p>\n

Expected vehicle (EV) deliveries also fell short, with the automaker forecasting 61,000 to 66,000 units for the current quarter. The company had a tough start to the year, with deliveries in January and February slumping 40 per cent from a year earlier.<\/p>\n

The disappointing outlook overshadowed the automaker posting its first-ever quarterly profit at the end of 2025. Fourth-quarter net income reached 383 million yuan, compared with a 45.3 million-yuan loss projected by analysts. <\/p>\n

Chinese automakers are bracing for a weaker EV market this year as a rollback in government subsidies hurts demand. Retail passenger vehicle sales fell 25 per cent in February from a year earlier, with new energy vehicles, which includes plug-in hybrids and battery-electric models, posting an even deeper decline, according to the China Passenger Car Association.<\/p>\n

\n
\n
DECODING ASIA<\/span><\/div>\n

Navigate Asia in
a new global order<\/h3>\n

Get the insights delivered to your inbox.<\/p>\n<\/div>\n<\/div>\n

Xpeng chairman He Xiaopeng remains upbeat about the company\u2019s artificial intelligence (AI)-related ventures, expecting to commence mass production of humanoid robots, flying cars and robotaxis this year. <\/p>\n

In addition to vehicle development, investments in physical AI-related R&D will increase to seven billion yuan this year, as the sector is expected to surpass the automotive industry, he said in an earnings call on Friday.<\/p>\n

\u201cThis investment will not only help us increase our competitive advantage and deliver substantial long-term returns,\u201d he said. \u201cScale allows us to survive in competition, but it is sustained leadership in physical AI technology and commercialisation that will define our core competitive advantage.\u201d<\/p>\n

\n
\n
\n

SEE ALSO<\/p>\n

\n
\n
\n
\n
\"For<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\"Xpeng<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Hardware costs are similar to cars for humanoid robots, but AI-related R&D costs and operational costs are significantly higher, the chairman added.<\/p>\n

Its first vehicle, jointly developed with Volkswagen, has rolled off the production line, while Stellantis is also exploring deals with the company, Bloomberg News reported earlier this month. BLOOMBERG<\/p>\n

\n
\n

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter.<\/span> Delivered to your inbox. Free.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… KONG] Xpeng shares declined after the automaker<\/span>\u00e2\u0080\u0099s first-quarter revenue … year earlier. The disappointing outlook overshadowed the automaker<\/span> posting its first-ever quarterly … sector is expected to surpass the automotive<\/span> industry, he said in an earnings …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-132000","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/132000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=132000"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/132000\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=132000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=132000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=132000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}