What's Going On With Xpeng Stock Thursday?

XPeng Inc. (NYSE:XPEV) stock fell Thursday, extending a volatile stretch for Chinese electric vehicle makers, as fading subsidies, an intensifying price war, and softer delivery momentum continued to weigh on investor sentiment.

The pullback comes despite the company breaking ground on a new humanoid robot mass production facility in Guangzhou, underscoring how near-term industry headwinds are overshadowing its longer-term technology ambitions.

Broader tech weakness added to the drag, with the Hang Seng TECH Index falling 2.87% to 5,109.33.

Humanoid Robot Factory Expansion

Xpeng plans on a 1.18 million square foot humanoid robot factory in Guangzhou, China, targeting large-scale production of its IRON robot by the end of 2026, according to CnEVPost.

The facility will cover R&D, trial production, and large-scale manufacturing. Xpeng aims to produce over 1 million IRON units by the end of the decade for deployment in tour guiding, retail services, and more.

The IRON robot, weighing approximately 171 pounds at 5 feet 10 inches, incorporates the company’s Vision-Language-Action (VLA) architecture and is positioned as a direct rival to Tesla Inc.’s (NASDAQ:TSLA) Optimus humanoid robot.

January Deliveries

In January, the company delivered 20,011 vehicles, a 34% year-over-year decline. That contrasted sharply with rival Nio Inc. (NYSE:NIO), which posted a 96.1% year-over-year surge in January deliveries.

Technical Indicators and Stock Performance

XPEV is trading 1.3% below its 20-day simple moving average (SMA) and 15.1% below its 100-day SMA, keeping the intermediate trend pointed down.

Shares are down 17.33% over the past 12 months and are positioned closer to their 52-week lows than highs.

XPEV Price Action: XPeng shares were down 3.85% at $17.48 during premarket trading on Thursday, according to Benzinga Pro data.

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