🔴 Xpeng is trading 4% down today after first-half net loss widened

Xpeng is trading at $9.55, down 4.02%, as its first-half net loss widened.

• Its September 28 report showed first-half revenue fell 3.8% year over year and net loss widened to RMB 3.12 billion from RMB 1.14 billion.
• Deliveries fell 15.8% to 165,977, adding to the weak financial results.
• Major indexes were little changed at alert time. A positive carbon-credit deal announcement on September 29 does not explain the decline.