小鹏汽车(XPEV.N)美股盘前跌约2%，公司季度营收未达预期。

印度糖业官员：印度并不存在糖短缺，供应基本面强劲。

XPeng Inc. -W (09868.HK) is due to report Q2 results on Monday. Visible Alpha’s analyst survey projects a net loss widening to 718.6 mln yuan (about $106.9m) from 477.8 mln yuan a year earlier, with revenue up 13% YoY to 20.69 bln yuan. CITIGROUP expects Q2 vehicle gross margin of 12.5% (Q1: 12.1%; YoY: 14.3%). Citi flags Q3 delivery guidance may be about 130,000 units versus market consensus ~150,000 as the company needs time to ramp the new L03 SUV; monitor whether L03 production can be raised quickly without noticeably squeezing M03 sedan volumes. On exports, Citi sees Q4 export share possibly near 20% of deliveries versus ~10% in Q3; watch XPeng’s ability to accelerate overseas expansion while maintaining higher gross margins.