Germany Volkswagen Group Completes Acquisition of 5% of Newly Issued China Electric Car XPeng Motors American Depository Shares for $705 Million, XPeng Motors Current Market Value at $15 Billion
8th December 2023 | Hong Kong
Germany Volkswagen Group has completed the acquisition of 5% of newly issued China electric car XPeng Motors American Depository Shares (ADS) for $705.6 million. XPeng Motors current market value is at $15 billion (7/12/23). Announcement: “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.” In July 2021, XPeng Motors IPO on Hong Kong Exchange in a dual listing, closing the day flat at HKD 165 with market value of $35.6 billion (7/7/21). XPeng Motors, already listed on NYSE (New York Stock Exchange) in August 2020, raised $1.81 billion (HKD 14.02 billion) in the IPO. XPeng was founded in 2015 by former Alibaba executive He Xiaopeng, who is estimated to have a personal net worth of more than $2.8 billion. (IPO ~ Initial Public Offering)
“ Germany Volkswagen Group Completes Acquisition of 5% of Newly Issued China Electric Car XPeng Motors American Depository Shares for $705 Million, XPeng Motors Current Market Value at $15 Billion “
About XPENG
XPENG 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.
China Electric Car XPeng IPO in Hong Kong, Market Value at $35 Billion Founder Xiaopeng with $7 Billion Fortune
12th July 2021 – China electric car company XPeng Motors has IPO on Hong Kong Exchange in a dual listing, closing the day flat at HKD 165 with market value of $35.6 billion (7/7/21). XPeng Motors, already listed on NYSE (New York Stock Exchange) in August 2020, raised $1.81 billion (HKD 14.02 billion) in the IPO. XPeng was founded in 2015 by former Alibaba executive He Xiaopeng, who is estimated to have a personal net worth of more than $7 billion. (IPO ~ Initial Public Offering)
XPeng, Chinese Smart Electric Vehicle Co.
Founded in 2015 by former Alibaba executive He Xiaopeng, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China, delivering 27,041 vehicles in 2020.
In 2020, XPeng reported revenue of $895.7 million and net loss of $418.7 million. In August 2020, XPeng completed its IPO on NYSE (New York Stock Exchange), raising $1.5 billion.
Hong Kong IPO
- Raise $1.81 billion (HKD 14.02 billion), 85 million shares
- IPO Price HKD 165, closes HKD 165 (7/7/21)
- HKEX:9868.HK
- NYSE: XPEV
JP Morgan and Merrill Lynch are the joint sponsors. The joint global coordinators are JP Morgan, Merrill Lynch, Citigroup and CLSA.
The dual primary listing will also allow qualified Chinese investors to invest via the Stock Connect scheme, which link mainland Chinese and Hong Kong markets.
About XPeng Inc.
XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley and San Diego. The Company’s Smart EVs are manufactured at plants in Zhaoqing and Zhengzhou, located in Guangdong and Henan provinces, respectively.
Billionaires:
- British Fintech Wise IPO Creates 2 New Billionaires with $3.55 Billion
- China Premium Tea Nayuki IPO in Hong Kong, Creates 2 New Billionaires with $1.1 Billion Each
- Didi Global IPO Creates 2 New Self-Made Billionaires, Founder Will Cheng Wei with $4.4 Billion
- Billionaire Warren Buffett Resigns from Bill and Melinda Gates Foundation, $49 Billion Endowment
- United States Billionaires Tax Leak, Top 25 Pays 3.4% in Tax Rate from $401 Billion Fortune
- Didi Chuxing IPO Creates 2 New Self-Made Billionaires, Founder Will Cheng Wei with $7 Billion
- Billionaires Bill Gates & Melinda Divorce, $150 Billion Assets
- Billionaire James Dyson Switches Residency Back to UK from Singapore
- South Korean Billionaire & Chairman of Kakao Kim Beom-Su to Give More than Half His $10 Billion Fortune Away
- Billionaire & Google co-Founder Sergey Brin Setup Family Office in Singapore
IPOs
- British Fintech Wise IPO on London Stock Exchange, Rises 10% on Day 1 with Market Value at $12 Billion
- China Premium Tea Nayuki IPO in Hong Kong, Falls 13.5% on Day 1 with $3.8 Billion Value, 2 New Billionaires with $1.1 Billion Each
- Didi Global IPO on NYSE, Rises 1% on Day 1 with Market Value of $68 Billion
- Hong Kong Insurance Group FWD Files for US IPO in United States, Valuation Around $13 Billion
- Didi Chuxing IPO Creates 2 New Self-Made Billionaires, Founder Will Cheng Wei with $7 Billion
- China Didi Chuxing Files for IPO in United States, Valuation at $100 Billion
- Grab $39.6 Billion SPAC IPO Delayed to Q4 2021, Pending Accounts Clearance
- JD Logistics IPO in Hong Kong, 3.3% Higher on Day 1 with $32 Billion Market Value
- Indonesia Tech Giants Gojek and Tokopedia Merge to Form GoTo Group, Eyes $35 Billion Future IPO
- UK-Based Deliveroo IPO on London Stock Exchange, Down 26.4% on 1st Day
- Baidu IPO on Hong Kong Exchange, Price Remains Unchanged on Day 1
- South Korea E-Commerce Giant Coupang IPO on NYSE, Rises 41% on Day 1
- Kuaishou IPO Rises 160% on Day 1, Raised $5.32 Billion
- Airbnb IPO Rises 112% on Day 1, Raised $3.5 billion
- DoorDash IPO Rises 85% on Day 1, Raised $3.3 billion
- JD Health IPO Rises 55% on Day 1, Raised $3.4 billion
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
