China Stock of the Day | Kabutaro & Friends

XPeng<09868.HK>, an emerging electric vehicle maker, was the Chinese stock most talked about online on August 25, 2026.
Background: Following its second-quarter results released the previous day, August 24, the stock closed down 9.19% in Hong Kong. Revenue came in at RMB 19.74 billion, up 8.0% year on year but short of the roughly RMB 20.2 billion consensus, while net loss widened 179.2% year on year to RMB 1.34 billion. Deliveries were 103,295 units, up just 0.1% year on year, with vehicle gross margin at 12.1%, overall gross margin at 20.7%, and R&D spending up 32.1% to RMB 2.91 billion. Third-quarter revenue guidance of RMB 21.7 billion to RMB 23.4 billion came in far below the RMB 27.26 billion consensus. Separately, the company announced that its robotics unit had completed its first funding round, raising more than USD 900 million at a post-money valuation of over USD 6.3 billion, led by IDG Capital with Tencent and Alibaba participating as strategic investors, which also drew wide attention.