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Xpeng shares fall after weak delivery guidance

The company’s robotics unit was valued at about $6.3 billion, nearly matching the valuation of its core EV business, but the delivery outlook weighed on the stock.

Reported · Written up by our desk · Equities

Xpeng shares slid after the electric-vehicle maker issued a weak delivery forecast, according to CNBC Markets.

The stock move came even as Xpeng’s nascent robotics business secured a valuation of about $6.3 billion, nearly matching the valuation of its core EV segment, the outlet said.

CNBC World reported the same development, noting that investors focused on the delivery guidance despite the robotics valuation milestone.

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