US Stock Market Move | XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell 6%, fourth-quarter delivery volume may be lower than expected.

On Monday, XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell by 6% to $23.50. The financial report shows that in the third quarter, XPeng, Inc. ADR Sponsored Class A's revenue was 20.38 billion yuan, slightly lower than the market's expectation of 20.45 billion yuan; non-GAAP loss per share was 0.43 yuan, slightly worse than the expected 0.41 yuan Chinese yuan. XPeng, Inc. ADR Sponsored Class A expects revenue in the fourth quarter to be between 21.5 billion yuan and 23 billion yuan, an increase of about 33.5% to 42.8% year-on-year; it is expected that delivery will be between 125,000 and 132,000 vehicles, an increase of about 36.6% to 44.3% year-on-year, with the market estimating 135,984 vehicles.