XPeng Chairman Buys Nearly $30 Mln Of Shares As China EV Maker Slides To Record Low [Forbes]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Forbes
XPeng Chairman He Xiaopeng in 2021. Photographer: Qilai Shen/Bloomberg© 2021 Bloomberg Finance LPHe Xiaopeng, the billionaire founder and chairman of China electric vehicle maker XPeng, bought nearly $30 million of shares in the company on Friday as a fall in the Alibaba-backed company continued anew.XPeng slid 0.2% on Friday in New York trading to $13.71, a record closing low. The once high-flying, Guangzhou-headquartered manufacturer’s shares have lost 61% of their value in New York from a recent high of $35.29 in June. The company went public in the U.S. at $15 per American Depositary Share, or ADS, in 2020. Its stock also now trades at the Hong Kong Stock Exchange.After buying 2,200,000 ADSs on Friday at an average price of $13.58, He owns approximately 20.5%, XPengsaid in a statementShares around the world have tanked of late as central banks have raised interest rates to combat inflation running at its highest level in decades. The global EV industry has further been affected
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XPEV
News
- XPENG to Showcase AI-powered Smart EV innovations at Beijing Auto Show 2024GlobeNewswire
- XPENG Publishes 2023 Environmental, Social and Governance ReportGlobeNewswire
- XPENG Files 2023 Annual Report on Form 20-FGlobeNewswire
- XPENG and the Volkswagen Group Announce Entry into the Framework Agreement on E/E Architecture Technical Collaboration [Yahoo! Finance]Yahoo! Finance
- XPENG and the Volkswagen Group Announce Entry into the Framework Agreement on E/E Architecture Technical CollaborationGlobeNewswire
XPEV
Earnings
- 11/15/23 - Beat
XPEV
Sec Filings
- 4/25/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/17/24 - Form 6-K
- XPEV's page on the SEC website