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He Xiaopeng bought 2.2 million shares of Xpeng Auto’s U.S. stock

Today, Xpeng Auto announced that the company’s board of directors was informed by Simplicity Holding, the company’s controlling shareholder, that on September 23, 2022, Simplicity Holding purchased a total of 2.2 million American depositary shares of the Company in the open market at an average price of $13.58 per American depositary share, increasing its holdings by The amount of the increase is approximately US$29.876 million (approximately RMB 213 million).

Simplicity Holding is wholly owned by the company’s co-founder, executive director, chairman, chief executive officer and controlling shareholder, Xiaopeng He.

Following the completion of the acquisition, Simplicity Holding holds 327,708,257 Class B ordinary shares and 2.2 million American Depositary Shares of the company, and He Xiaopeng is interested in 327,708,257 Class B ordinary shares and 2.2 million American Depositary Shares of the company held by Simplicity Holding, as well as 21 million Class B ordinary shares of the company held by Respect Holding. and 21 million Class B ordinary shares of the Company held by Respect Holding, representing in aggregate approximately 20.5% of the total issued share capital of the Company as of the date of the Announcement.

In addition, the announcement stated that the Board believes the Acquisition demonstrates He Xiaopeng’s confidence in the Company’s prospects and growth potential, as well as its long-term commitment to the Company.

Delivery data shows that Xpeng Auto delivered a total of 9,578 units in August 2022, an increase of 33% year-on-year. Among them, Xpeng P7 delivered 5745 units, Xpeng P5 delivered 2678 units and Xpeng G3 series delivered 1155 units. From January to August this year, the total number of units delivered by Xpeng Auto exceeded 90,000, nearly doubling compared to the same period last year.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

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