BIXPENG@EC2701A

Hmmm is chips going to continue falling with the arrival of similar Chinese products?

XPeng 2Q26 First Take: Overall, results were mediocre. More importantly, next-quarter guidance clearly missed Street expectations.

The Street expected GX, a higher-priced model, to lift the mix and drive a QoQ recovery in auto GPM. In reality, auto GPM was only flat QoQ. The overall GPM beat was driven by a sharp QoQ jump in services and other revenue, likely from high-margin tech R&D service revenue recognized upon milestone completion.

SG&A jumped, with higher ad spend for new models and dealer commissions that scale with volume. As a result, net profit from car sales still missed expectations.

The next-quarter guidance is the most critical datapoint. Here, XPeng severely missed Street expectations.

Q3 delivery guidance is only 115k–121k units vs. the Street at 147k. With 38k units already delivered in Jul, the guidance implies avg. monthly sales of just 38.5k–41.5k in Aug/Sep.

Even with MONA L03 entering a full delivery season and an order book exceeding 50k, this guidance clearly points to a severe capacity bottleneck that cannot be resolved in the near term. The higher-priced GX is tracking above expectations with monthly sales of ~7k and an order backlog of ~30k, but the ramp limits its contribution to total Q3 deliveries.

Revenue guidance implies an ASP of only RMB 168k, below the Street's RMB 173k. This reflects GX's still-low share in the delivery mix and the higher share of lower-priced MONA models. $XPeng(XPEV.US) $XPENG-W(09868.HK)

$XIAOMI-W(01810.HK)$Tesla(TSLA.US)$XPENG-W(09868.HK)$LEAPMOTOR(09863.HK)

🚨 China’s Largest-Ever Auto Recall - 7 Million Vehicles Affected!

China just announced the biggest recall in its auto industry history, over 7 million cars are being called back. 📉

🔍 The Safety Issue:

The problem: interior emergency door releases are too hard to spot as they match the trim colour. In a serious crash that knocks out the electrics, passengers could be trapped because the mechanical release is hidden. ⚠️

📊 Who’s Impacted:

• Tesla: ~2.97 million vehicles (Model 3/Y/S/X) 🚗

• Xiaomi: 390,435 SU7 series 🚗

• Leapmotor: 371,200 🚗

• Xpeng: 264,842 🚗

• Also: Zeekr, Chery, Geely, Arcfox

🛠️ How They’ll Fix It:

Free warning labels, OTA software updates to roll down windows after a crash, and replacing release covers with clearer, labelled versions.

This comes from new mandatory standard GB 48001–2026, requiring proper mechanical door releases for emergencies.

📷 Full breakdown of risks and fixes in the infographic! 👇

Source:! BREAKING: China’s biggest auto recall hits Tesla, Xiaomi, Leapmotor and others over door escape risk- CnEVPost (21 Aug 2026)

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $XPeng(XPEV.US) Xpeng Launches Internal Robotaxi Testing in Guangzhou

$Penguin Solutions(PENG.US) | Stifel maintains 𝐁𝐮𝐲 on 𝐏𝐞𝐧𝐠𝐮𝐢𝐧 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬, 𝐫𝐚𝐢𝐬𝐞𝐬 𝐏𝐓 𝐭𝐨 $𝟕𝟓 𝐟𝐫𝐨𝐦 $𝟔𝟔

$Penguin Solutions(PENG.US) | Rosenblatt reiterates 𝐁𝐮𝐲 on 𝐏𝐞𝐧𝐠𝐮𝐢𝐧 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬, 𝐫𝐚𝐢𝐬𝐞𝐬 𝐏𝐓 𝐭𝐨 $𝟕𝟓 𝐟𝐫𝐨𝐦 $𝟔𝟓

China Daily: Humanoid Robots Enter Mass Production

Hahayhahaah$LionGlobal Korea USD(SG9999002364.FD)

Good new business coming for XPEV in the upcoming debut on 2 July

The market keeps going up with minimal pullbacks. That is a market that will run out of air at the top! Be careful everyone. I am staying defensive!

Wah Anthropic almost 1 trillion liao, sure got bubble vibes lah but the monetization damn fast also. For EV I prefer Li Auto's profit discipline over Xpeng growth, and with crude shooting up I keeping more cash this weekend leh

I read somewhere that for AI, one cannot just look at whether the valuation of the company is at a historic high but whether it is justified by a growing demand and at this juncture, the answer seems yes. Whether this demand can bring in profits that will be over and above the amount of capex being poured in is the crucial thing we have to keep an eye on.