XPENG-W 09868.HK Price

Driving the transformation of smart electric vehicles through data, leading the way in future mobility. XPeng is a leading Chinese smart electric vehicle (EV) designer and manufacturer, as well as a technology company integrating cutting-edge internet and AI innovation. We are committed to driving the transformation of smart EVs through data, leading the way in future mobility. Core Management Team Officially founded in 2015, XPeng is chaired and CEO-led by He Xiaopeng, co-founder of UC Web and former president of Alibaba's Mobile Business Group. Co-founders Xia Heng and He Tao, both graduates of Tsinghua University's Department of Automotive Engineering, previously led the development of new energy vehicles and smart vehicle control systems at GAC Research Institute. Xia Heng serves as co-founder, director, and president, while He Tao serves as co-founder, director, and senior vice president. Dr. Gu Hongdi, former chairman of JPMorgan's Asia Pacific Investment Banking, joined XPeng in March 2018 as vice chairman and president. This diverse management team, drawing from internet, automotive manufacturing, and strategic financing, shapes XPeng's unique DNA. Global Roots, Local Service Global roots, local service is XPeng's strategic vision. In its six years since inception, XPeng has achieved a global footprint. Its R&D headquarters are in Guangzhou, with additional design, R&D, manufacturing, and marketing operations in Beijing, Shanghai, Shenzhen, Silicon Valley, San Diego, Zhaoqing (Guangdong), and Zhengzhou. This global presence has built a large-scale, diversified, and R&D-intensive cross-disciplinary team. As of December 31, 2020, XPeng had over 5,000 employees, of which approximately 60% were R&D personnel (excluding frontline staff). XPeng believes that new energy vehicles do not represent the next era of automobiles. Smart vehicles (AI + Internet + Automotive) are the true new赛道 (track) for the next automotive era. The unique differentiation of XPeng's products lies in their internet-native smart EVs, driven by a "dual engine" of digitalization and electrification. Independent R&D, Smart Manufacturing XPeng has established smart manufacturing bases in Zhaoqing (Guangdong), Guangzhou (Guangdong), and Wuhan (Hubei), with forward-looking strategic layouts to meet rapidly growing market demand. The Zhaoqing Smart Connected Vehicle Technology Industrial Park covers a total planned area of 600k square meters, with a current built area of 227k square meters. It obtained major approvals in May 2020 and houses five workshops: stamping, welding, painting, final assembly, and battery pack. It features flexible production capable of handling four models across different platforms, with an annual design capacity of 100k vehicles. Quality Manufacturing as Foundation, Ecosystem Operations as Core Quality manufacturing is the foundation, and ecosystem operations are the core. While refining product quality, XPeng comprehensively deploys sales, after-sales, and charging services, creating a closed-loop product and service operations to meet user touchpoints throughout the product lifecycle. Through a new retail model combining "self-built and self-operated + authorized operations, 2S + 2S, online + offline," XPeng provides users with an "integrated, multi-touchpoint" service experience, ensuring uniform pricing, sales processes, and service standards nationwide, both online and offline. XPeng's official financial services brand, XPeng Finance, includes auto financing, insurance, and more, aiming to deliver efficient and convenient one-stop car purchasing financial services. XPeng builds and operates its own supercharging stations, continuously collaborating with high-quality partners through external partnerships and service operations to build a smart ecosystem, offering convenient free charging services that effectively address range anxiety for smart EV users. In after-sales, XPeng leverages its self-developed remote diagnostic system, smart claims, and mobile services to improve service efficiency and smart user experience. Since its founding, XPeng has received support from top domestic and international investors, including Alibaba Group, Xiaomi Group, IDG Capital, Morningside Venture Capital, GGV Capital, Primavera Capital, Hillhouse Capital, and Sequoia Capital China. XPeng was listed on the New York Stock Exchange on August 27, 2020, under the ticker symbol XPEV, raising $1.7 billion—the highest IPO fundraising and valuation among new EV startups at that time. In December 2020, XPeng completed its first follow-on offering since the IPO, raising $2.5 billion, the largest such offering by a Chinese company listed in the U.S.