XPENG-W: No Evidence of Thermal Runaway Found After Data Review of Shandong Vehicle Fire

Regarding online reports that an XPENG-W (09868.HK) -2.800 (-4.308%) Short selling $291.59M; Ratio 29.095% vehicle caught fire in Pingdu, Shandong last Thursday (4th), the company issued a statement saying it immediately conducted an investigation and analysis of the vehicle data at the scene and found no information related to thermal runaway.

An XPENG-W vehicle in Shandong, according to earlier reports, burst into flames while charging, igniting a courtyard and affecting an area of nearly 100 square meters. No casualties were reported. (HK stocks quote is delayed for at least 15 mins.

Short Selling Data as at 2026-06-05 16:25.)

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