Chinese electric vehicle manufacturer Xpeng is facing significant challenges as it navigates a competitive landscape marked by a prolonged price war in its home market. The company has projected third-quarter revenue that is expected to fall short of analysts' estimates, indicating the financial strain from this fierce competition. Despite reporting a 60% year-over-year revenue growth and improved margins, Xpeng's stock slid by 7% amid concerns about its future performance and guidance. The chairman of Xpeng has expressed optimism about entering a 'strong productive cycle,' suggesting potential recovery or growth ahead as the company prepares for the upcoming launch of its MONA M03 model.