Wider losses for XPeng weighed on the company's stock as well as on U.S. shares of Nio and Li Auto.
XPeng Inc.’s stock fell 6% Friday after the Chinese electric-vehicle maker posted weaker-than-expected second-quarter earnings, with the miss weighing on other Chinese EV makers, as well.
XPeng XPEV had a net loss of RMB2.80 billion , or RMB3.25 per American depositary share, for the quarter, wider than the loss of RMB2.70 billion, or RMB1.63 per ADS, posted in the year-earlier period.
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