XPeng Inc. shares fell to a 52-week low on Thursday, reaching $9.02, as investor sentiment grew more cautious. The decline followed several analyst downgrades and price target reductions. JPMorgan lowered its rating to Neutral in late September. The consensus rating is Hold.
XPeng reported that cumulative deliveries of its flagship GX SUV surpassed 30,000 units. The company also highlighted nearly 4,000 orders from the Middle East, signaling progress in its international expansion.
Investors appear more focused on intensifying competition in China’s EV market and concerns about XPeng’s path to profitability. The company continues to report negative earnings.