XPeng Shares Hit 19-Month Low as BlackRock Cuts Stake
XPeng’s US-listed shares fell to a 19-month low of $11.49 in early trading, extending a selloff that accelerated since early June. BlackRock cut its XPeng stake by 23.5% in Q2, selling about 684,000 ADS to leave 2.228 million. The company also reported July deliveries of 38,027, down 5.2% from June, and down 12.8% year-to-date.