XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV), a leading
Chinese smart electric vehicle (“Smart EV”) company, today
announced the pricing of its underwritten follow-on offering of
48,000,000 American Depositary Shares (“ADSs”), each representing
two Class A ordinary shares of the Company, at a public offering
price of US$45.00 per ADS. The underwriters will have a 30-day
option to purchase up to an aggregate of 7,200,000 additional ADSs
from the Company. The gross proceeds from the offering, before
deducting underwriting discounts and commissions and other offering
expenses payable by the Company, will be approximately US$2.2
billion, excluding any exercise of the underwriters’ option to
purchase additional ADSs. The offering is expected to close on
December 11, 2020, subject to customary closing conditions.
The Company expects to use the net proceeds from the offering
for (i) research and development of its Smart EVs and software,
hardware and data technologies, (ii) sales and marketing and
expansion of sales and service channels and super charging network,
as well as the expansion of its footprints in the international
markets, (iii) potential strategic investments in core technologies
of Smart EV, and (iv) general corporate purposes, including working
capital needs.
Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC,
BofA Securities, Inc. and Citigroup Global Markets Inc. are acting
as the joint bookrunners for the offering.
The Company’s registration statement on Form F-1 relating to
these securities has been filed with, and declared effective by,
the United States Securities and Exchange Commission.
The offering is being made only by means of a prospectus forming
part of the effective registration statement. Copies of the final
prospectus relating to the offering may be obtained, when
available, by contacting:
(1) Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department at 11 Madison Avenue, New York, NY 10010-3629, United
States of America, or by calling 1-800-221-1037, or by email at
newyork.prospectus@credit-suisse.com;
(2) J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, United
States of America, or by calling 1-866-803-9204;
(3) BofA Securities, Inc., NC1-004-03-43, 200 North College
Street, 3rd Floor, Charlotte, NC 28255-0001, United States of
America, Attention: Prospectus Department, or by calling +1 (800)
294-1322 or by email at dg.prospectus_requests@baml.com; and
(4) Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, via
telephone: 1-800-831-9146 or via email at prospectus@citi.com
This announcement shall not constitute an offer to sell, or a
solicitation of an offer to buy, the securities described herein,
nor shall there be any offer, solicitation or sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About XPeng
XPeng Inc. 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. For more information, please visit
https://en.xiaopeng.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates” and similar statements. Statements
that are not historical facts, including statements about XPeng’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: XPeng’s goal
and strategies; XPeng’s expansion plans; XPeng’s future business
development, financial condition and results of operations; the
trends in, and size of, China’s EV market; XPeng’s expectations
regarding demand for, and market acceptance of, its products and
services; XPeng’s expectations regarding its relationships with
customers, contract manufacturer, suppliers, third-party service
providers, strategic partners and other stakeholders; general
economic and business conditions; and assumptions underlying or
related to any of the foregoing. Further information regarding
these and other risks is included in XPeng’s filings with the SEC.
All information provided in this press release is as of the date of
this press release, and XPeng does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20201209005448/en/
For Investor Enquiries:
IR Department XPeng Inc. E-mail: ir@xiaopeng.com
Jenny Cai The Piacente Group Tel: +1-212-481-2050 or
+86-10-6508-0677 E-mail: xpeng@tpg-ir.com
For Media Enquiries:
Marie Cheung XPeng Inc. Tel: +852 9750 5170 / +86 1550 7577 546
E-mail: mariecheung@xiaopeng.com
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