XPeng Motors expects third-quarter deliveries to be between 115,000 and 121,000 units, representing a year-over-year change of approximately -0.87% to +4.30%, significantly lower than the market estimate of approximately 147,000 units (a gap of about 18% to 22%). Revenue guidance is RMB 21.7 billion to RMB 23.4 billion, a year-over-year increase of approximately 6.5% to 14.8%, also substantially lower than the market estimate of RMB 27.26 billion. Following the earnings release, XPeng's U.S. shares fell over 5% in pre-market trading.