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XPeng Shares Hit 19-Month Low as BlackRock Cuts Stake

XPeng logoXPeng
Sig2.25Sen-4.65Env0.00Soc0.00Gov0.00
BlackRock logoBlackRock
Sig1.75Sen-1.22Env0.00Soc0.00Gov0.00

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.

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