<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/20250915_073355_noEu9.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1152" height="720" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/20250915_073355_noEu9.png"/></p>
<p>小鵬汽車的股價在過去幾周大幅下跌，投資者紛紛拋售中國電動車公司。XPEV 在紐約的股價跌至 18 美元，比今年的最高點下跌了 35%。本文探討了儘管業績強勁，股價為何會崩潰。</p>
<h2>小鵬汽車股價崩潰的原因</h2>
<p>小鵬汽車的股價在過去幾周大幅下跌，反映了其他中國電動車公司的表現。</p>
<p>在過去 30 天內，蔚來的股價下跌了 20%，而理想汽車和零跑汽車的股價則下跌了超過 15%。</p>
<p>同樣，小米和比亞迪在過去幾個月也出現了大幅下跌。這一下降發生在投資者對需求保持謹慎，因為許多地方政府結束或調整了對電動車的補貼。</p>
<p>這一舉措引發了更多擔憂，預計 2026 年的需求將顯著減弱，這將導致在價格戰持續的情況下利潤下降。</p>
<p>隨着其他市場需求疲軟的跡象顯現，小鵬汽車的股價也出現了下跌。福特本週宣佈將計提 200 億美元的費用，而歐盟則結束了 2035 年禁止燃油發動機的計劃，因為過渡進程比預期緩慢。</p>
<p>這一新變化值得注意，因為小鵬汽車和其他公司正試圖在歐盟市場上獲得份額，該地區的利潤率高於中國。</p>
<p>閲讀更多：小鵬汽車股價有望突破，管理層瞄準特斯拉的人工智能雄心</p>
<h2>小鵬汽車的業務表現良好</h2>
<p>儘管如此，有跡象表明小鵬汽車將比其他汽車製造商更好地走出當前的低迷，因為其業績強勁，品牌如小鵬 7、G6、G9 和 X9 的受歡迎程度高。</p>
<p>最近的業績顯示，該公司的業務表現良好，收入和盈利能力都有所改善。</p>
<p>小鵬汽車在第三季度交付了 116,007 輛汽車，而去年同期為 46,533 輛。因此，其收入增長了 101%，達到 28 億美元。其收入也比第二季度高出 11%，因為客户在補貼結束前急於購買。</p>
<p>該公司的毛利率擴大至 20.1%，遠高於包括特斯拉在內的其他公司。其毛利率從去年同期的 13.1% 上升。</p>
<p>因此，其虧損有所縮小，淨虧損為 0.05 億美元或人民幣 0.38 億元，遠好於之前的人民幣 11 億元。</p>
<p>分析師對該公司的增長持樂觀態度，預計第四季度的平均收入為 231 億元人民幣，比去年同期增長 43%。這一增長將使其年收入達到 780 億元人民幣，比去年同期增長 92%。到 2026 年，其收入將達到 1120 億元人民幣，EPS 為 2.61 元人民幣。</p>
<h2>小鵬汽車股價技術分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/XPeng-stock-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="579" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/XPeng-stock-1024x579.png"/></p>
<p>XPEV 股價圖表 | 來源：TradingView</p>
<p>日線圖顯示，小鵬汽車的股價在過去幾周大幅下跌，從 28.3 美元的高點降至當前的 18 美元。</p>
<p>這一回撤發生在股價形成上升楔形模式之後，這在技術分析中是一個常見的看跌信號。</p>
<p>目前股價已跌破 50 日和 100 日指數移動平均線（EMA），形成了看跌交叉模式。</p>
<p>相對強弱指數（RSI）接近 30 的超賣區間，而強勢振盪器已跌破零線。</p>
<p>因此，最可能的情況是股價繼續下跌至 15 美元的關鍵支撐位，然後在投資者買入時恢復上升趨勢。</p>
<p>閲讀更多：恒生科技指數因蔚來、小鵬、理想汽車下跌而陷入熊市</p>
<p>小鵬汽車股價崩潰 35%：現在買入是否安全？一文首發於 Invezz</p>

<p>小鵬汽車的股價最近下跌了 35%，在紐約跌至 18 美元。這一下降是中國電動車公司普遍趨勢的一部分，原因是補貼減少和需求疲軟。儘管如此，小鵬汽車的業務表現依然強勁，收入大幅增長，盈利能力有所改善。分析師對其未來增長持樂觀態度。技術分析顯示，股價可能會繼續下跌至 15 美元，然後可能會反彈</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/20250915_073355_noEu9.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/09/20250915_073355_noEu9.png"/></p>
<p>XPeng stock price has nosedived in the past few weeks as investors have dumped Chinese EV companies. XPEV dropped to $18 in New York, down by 35% from its highest point this year. This article explores why it has crashed despite its strong numbers.</p>
<div class="lb-trans"><p>小鵬汽車的股價在過去幾周大幅下跌，投資者紛紛拋售中國電動車公司。XPEV 在紐約的股價跌至 18 美元，比今年的最高點下跌了 35%。本文探討了儘管業績強勁，股價為何會崩潰。</p>
</div><h2>Why the Xpeng stock price has crashed</h2>
<div class="lb-trans"><h2>小鵬汽車股價崩潰的原因</h2>
</div><p>Xpeng stock price has dived in the past few weeks, mirroring the performance of other Chinese EV companies.</p>
<div class="lb-trans"><p>小鵬汽車的股價在過去幾周大幅下跌，反映了其他中國電動車公司的表現。</p>
</div><p>Nio stock has dropped by 20% in the last 30 days, while Li Auto, and Leapmotor have slumped by over 15%.</p>
<div class="lb-trans"><p>在過去 30 天內，蔚來的股價下跌了 20%，而理想汽車和零跑汽車的股價則下跌了超過 15%。</p>
</div><p>Similarly, Xiaomi and BYD have also tumbled in the past few months. This decline is happening as investors remain wary about demand after many local governments ended or adjusted subsidies for EVs.</p>
<div class="lb-trans"><p>同樣，小米和比亞迪在過去幾個月也出現了大幅下跌。這一下降發生在投資者對需求保持謹慎，因為許多地方政府結束或調整了對電動車的補貼。</p>
</div><p>That move has led to more concerns that the demand will ease significantly in 2026, a move that will lead to lower profits as the price war continues.</p>
<div class="lb-trans"><p>這一舉措引發了更多擔憂，預計 2026 年的需求將顯著減弱，這將導致在價格戰持續的情況下利潤下降。</p>
</div><p>The XPeng stock has also dropped as signs of weak demand in other markets emerge. Ford announced a $20 billion charge this week, while the European Union ended the 2035 combustion engine ban as the transition became slower than expected.</p>
<div class="lb-trans"><p>隨着其他市場需求疲軟的跡象顯現，小鵬汽車的股價也出現了下跌。福特本週宣佈將計提 200 億美元的費用，而歐盟則結束了 2035 年禁止燃油發動機的計劃，因為過渡進程比預期緩慢。</p>
</div><p>The new change is notable as XPeng and other companies are aiming to gain market share in the European Union, a region where they can receive a higher margin than in China.</p>
<div class="lb-trans"><p>這一新變化值得注意，因為小鵬汽車和其他公司正試圖在歐盟市場上獲得份額，該地區的利潤率高於中國。</p>
</div><p>READ MORE: Xpeng stock set for breakout as management takes aim at Tesla’s AI ambitions</p>
<div class="lb-trans"><p>閲讀更多：小鵬汽車股價有望突破，管理層瞄準特斯拉的人工智能雄心</p>
</div><h2>Xpeng’s business is doing well</h2>
<div class="lb-trans"><h2>小鵬汽車的業務表現良好</h2>
</div><p>Still, there are signs that XPeng will emerge from the ongoing slump better than other automakers because of its strong performance and the popularity of its brands like XPeng 7, G6, G9, and X9.</p>
<div class="lb-trans"><p>儘管如此，有跡象表明小鵬汽車將比其他汽車製造商更好地走出當前的低迷，因為其業績強勁，品牌如小鵬 7、G6、G9 和 X9 的受歡迎程度高。</p>
</div><p>The most recent results showed that the company’s business was doing well, with its revenue and profitability having improved.</p>
<div class="lb-trans"><p>最近的業績顯示，該公司的業務表現良好，收入和盈利能力都有所改善。</p>
</div><p>XPeng delivered 116,007 vehicles in the third quarter, from 46,533 in the same period last year. As a result, its revenue rose by 101% to $2.8 billion. Its revenue was also 11% higher than in the second quarter as customers rushed to buy ahead of the end of the subsidies.</p>
<div class="lb-trans"><p>小鵬汽車在第三季度交付了 116,007 輛汽車，而去年同期為 46,533 輛。因此，其收入增長了 101%，達到 28 億美元。其收入也比第二季度高出 11%，因為客户在補貼結束前急於購買。</p>
</div><p>The company’s gross margin expanded to 20.1%, much higher than other companies, including Tesla. Its gross margin moved from 13.1% in the same period last year.</p>
<div class="lb-trans"><p>該公司的毛利率擴大至 20.1%，遠高於包括特斯拉在內的其他公司。其毛利率從去年同期的 13.1% 上升。</p>
</div><p>As a result, it narrowed its losses, with its net loss coming in at $0.05 billion or RMB 0.38 billion, much better than the previous RMB 1.1 billion.</p>
<div class="lb-trans"><p>因此，其虧損有所縮小，淨虧損為 0.05 億美元或人民幣 0.38 億元，遠好於之前的人民幣 11 億元。</p>
</div><p>Analysts are optimistic that the company’s growth will continue, with the average revenue estimate for the fourth quarter being CNY 23.1 billion, up by 43% from the same period last year. This growth will bring its annual revenue to CNY 78 billion, up by 92% from the same period last year. It will then make CNY 112 billion in revenue in 2026 and an EPS of CNY 2.61.</p>
<div class="lb-trans"><p>分析師對該公司的增長持樂觀態度，預計第四季度的平均收入為 231 億元人民幣，比去年同期增長 43%。這一增長將使其年收入達到 780 億元人民幣，比去年同期增長 92%。到 2026 年，其收入將達到 1120 億元人民幣，EPS 為 2.61 元人民幣。</p>
</div><h2>XPeng stock price technical analysis</h2>
<div class="lb-trans"><h2>小鵬汽車股價技術分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/XPeng-stock-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/XPeng-stock-1024x579.png"/></p>
<p>XPEV stock chart | Source: TradingView</p>
<div class="lb-trans"><p>XPEV 股價圖表 | 來源：TradingView</p>
</div><p>The daily timeframe chart shows that the XPeng stock price has dropped sharply in the past few weeks, moving from a high of $28.3 to the current $18.</p>
<div class="lb-trans"><p>日線圖顯示，小鵬汽車的股價在過去幾周大幅下跌，從 28.3 美元的高點降至當前的 18 美元。</p>
</div><p>This retreat happened after the stock formed a rising wedge pattern, which is a common bearish sign in technical analysis.</p>
<div class="lb-trans"><p>這一回撤發生在股價形成上升楔形模式之後，這在技術分析中是一個常見的看跌信號。</p>
</div><p>It has now moved below the 50-day and 100-day Exponential Moving Averages (EMA), which made a bearish crossover pattern.</p>
<div class="lb-trans"><p>目前股價已跌破 50 日和 100 日指數移動平均線（EMA），形成了看跌交叉模式。</p>
</div><p>The Relative Strength Index (RSI) is nearing the oversold zone of 30, while the Awesome Oscillator has moved below the zero line.</p>
<div class="lb-trans"><p>相對強弱指數（RSI）接近 30 的超賣區間，而強勢振盪器已跌破零線。</p>
</div><p>Therefore, the most likely scenario is where the stock continues dropping to the key support at $15 and then resumes its uptrend as investors buy the dip.</p>
<div class="lb-trans"><p>因此，最可能的情況是股價繼續下跌至 15 美元的關鍵支撐位，然後在投資者買入時恢復上升趨勢。</p>
</div><p>READ MORE: Hang Seng Tech Index slumps into a bear market as Nio, Xpeng, Li Auto slump</p>
<div class="lb-trans"><p>閲讀更多：恒生科技指數因蔚來、小鵬、理想汽車下跌而陷入熊市</p>
</div><p>The post XPeng stock price has crashed 35%: Is it safe to buy the dip? appeared first on Invezz</p>
<div class="lb-trans"><p>小鵬汽車股價崩潰 35%：現在買入是否安全？一文首發於 Invezz</p>
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小鵬汽車的股價已經暴跌了 35%：現在抄底是否安全？