XPENG Announces the Closing of New Shares Issuance Pursuant to Share Purchase Agreement and Development under Technical Framework Agreement with Volkswagen
06 Dezember 2023 - 12:02PM
XPeng Inc. (
“XPENG” or
the
“Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese
smart electric vehicle (
“Smart EV”) company, today
announced, further to the Company’s news release dated July 26,
2023, in connection with the share purchase agreement for strategic
minority investment by Volkswagen (China) Investment Co., Ltd.
(
“Volkswagen”) and its affiliate, Volkswagen
Finance Luxemburg S.A. (
“Volkswagen Nominee”), the
Company has issued an aggregate of 94,079,255 Class A ordinary
shares (
the “Subscription Shares”), representing
approximately 4.99% of the total issued and outstanding share
capital of the Company immediately following the issuance, to
Volkswagen Nominee at the purchase price of US$15 per ADS
(
each ADS representing two Class A ordinary
shares). The total purchase price for all the Subscription
Shares is approximately US$705.6 million.
The Company also announced that its Board of
Directors (the “Board”) has approved the
appointment of an individual nominated by Volkswagen Nominee to act
as a non-voting observer to the Board.
In addition, pursuant to the Technical Framework
Agreement on strategic technical collaboration with Volkswagen,
XPENG and Volkswagen are making significant progress on the joint
development of the two B-class battery electric vehicles
(“BEV”) models. The project feasibility study has
achieved positive outcome and has been completed. In addition, both
parties are actively evaluating deeper strategic collaboration in
Smart EV technologies.
About XPENGXPENG is a leading
Chinese Smart EV company that designs, develops, manufactures, and
markets smart EVs that appeal to the large and growing base of
technology-savvy middle-class consumers. Its mission is to drive
Smart EV transformation with technology, shaping the mobility
experience of the future. In order to optimize its customers’
mobility experience, XPENG develops in-house its
full-stack advanced driver-assistance system technology and in-car
intelligent operating system, as well as core vehicle systems
including powertrain and the electrical/electronic
architecture. XPENG is headquartered in Guangzhou,
China, with main offices
in Beijing, Shanghai, Silicon Valley, San
Diego and Amsterdam. The Company’s Smart EVs are mainly
manufactured at its plants in Zhaoqing and
Guangzhou, Guangdong province. For more information,
please visit https://heyXPENG.com.
Safe Harbor StatementThis
announcement contains forward-looking statements. These statements
are made under the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates” and similar statements. Statements that are
not historical facts, including statements about XPENG’s beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: XPENG’s goals and strategies; XPENG’s
expansion plans; XPENG’s future business development, financial
condition and results of operations; the trends in, and size of,
China’s EV market; XPENG’s expectations regarding demand for, and
market acceptance of, its products and services; XPENG’s
expectations regarding its relationships with customers, contract
manufacturers, suppliers, third-party service providers, strategic
partners and other stakeholders; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in XPENG’s filings with the SEC. All information provided
in this press release is as of the date of this press release, and
XPENG does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
Contacts:For Investor
Enquiries:IR Department XPeng Inc. Email:
ir@xiaopeng.com
Jenny CaiPiacente Financial CommunicationsTel: +1
212 481 2050 / +86 10 6508 0677Email: xpeng@tpg-ir.com
For Media Enquiries:PR Department
XPeng Inc. Email: pr@xiaopeng.com
Source: XPeng Inc.
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