XPeng Founder Lifts Stake With $30 Million Purchase After Plunge [Business News Network (BNN) (Canada)]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Business News Network
A company controlled by Xpeng Chairman Xiaopeng He bought 2.2 million shares at an average price of $13.58 per share on Friday, according to a statement to the Hong Kong stock exchange. After the purchase, He controls about 20.5% of Xpeng, the statement said. The company's New York-traded shares have slumped 73% in 2022, making it the worst of the three Chinese EV makers listed in the US, and trading below its initial public offering price. Nio Inc. is down 44% and Li Auto Inc. has fallen 22%, with the trio caught up in a broader selloff of EV startups and concern Chinese firms will be delisted from US exchanges. XPeng reported a wider-than-expected loss in the three months to June after Shanghai's lockdown and supply chain snarls troubled automakers. The automaker sold almost 9,600 EVs in August, well short of Shenzhen-based market leader BYD Co., which sold almost 175,000 electric cars. XPeng is looking to its new G9 sports utility vehicle to spur growth, President Brian Gu s
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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
- 4/19/24 - Form 6-K
- 4/17/24 - Form 6-K
- 4/17/24 - Form 6-K
- XPEV's page on the SEC website