Xiaopeng Motor opened low and dropped more than 4%. Q1 revenue fell 45% compared with the same period last year.

Xinhua News Agency, May 25, according to press release, Xiaopeng Motor (09868.HK) fell 4.49%. According to last night's announcement, the company's Q1 revenue fell 45.9 per cent year-on-year to 4.03 billion yuan, net loss increased by 37.6 per cent to 2.34 billion yuan, car profit margin was minus 2.5 per cent; Q2 car delivery is expected to range from 21000 to 22000 vehicles, with revenue of 4.5 billion to 4.7 billion yuan.