About XPENG-W Company

Drive the transformation of smart electric vehicles through data, leading the way in the future of mobility Xiaopeng Motor is a leading smart electric vehicle designer and manufacturer in China, as well as a technology company integrating cutting-edge Internet and artificial intelligence innovation. We are committed to driving the transformation of smart electric vehicles through data and leading the way in the future of mobility. Core management team Xiaopeng Motor was officially founded in 2015. He Xiaopeng is the co-founder of UC UTV and the former president of Alibaba Mobile Business Group, and is currently the chairman and CEO of Xiaopeng Motors; Xia Heng and He Tao, two co-founders of Xiaopeng Motors, graduated from the Department of Automotive Engineering at Tsinghua University. The two were previously responsible for the development of new energy vehicles and intelligent vehicle control systems at the Guangzhou Automobile Research Institute. Xia Xianheng is the co-founder, director, and senior vice president of J.P. Morgan Asia Pacific Investment Bank. He Tao is currently the co-founder, director, and senior vice president; Dr. Gu Hongdi, the former chairman of J.P. Morgan Asia Pacific Investment Bank joined Xiaopeng in March 2018 cars, Served as the vice chairman and president of Xiaopeng Motors. Diverse management teams from the three fields of the Internet, automobile manufacturing, and strategic financing have shaped Xiaopeng Motor's unique DNA. Based on the world, serving the mainland Based on the world, serving the local community is Xiaopeng Motor's strategic pattern. In the six years since its establishment, Xiaopeng Motor has completed a global layout. The company's R&D headquarters are located in Guangzhou, and design, R&D, manufacturing and marketing institutions have been established in Beijing, Shanghai, Shenzhen, Silicon Valley, San Diego, Guangdong, Zhaoqing, and Zhengzhou, and has formed a large-scale, diversified, and self-research cross-border team through a global layout. As of December 31, 2020, the company had more than 5,000 employees, and apart from frontline employees, R&D personnel accounted for about 60%. Xiaopeng Motors believes that new energy vehicles are not equal to the next automobile era. Smart cars (AI+internet+cars) are the new racetrack for the next automotive era. The “dual engine” driven Internet gene smart electric vehicle composed of digitalization and electrification is the biggest differentiating feature of Xiaopeng Motor's products. Independent research and development, intelligent manufacturing Xiaopeng Motor has set up intelligent manufacturing bases in Zhaoqing, Guangdong, and Wuhan, Hubei, with a forward-looking strategic layout to meet Xiaopeng Motor's rapidly growing market demand. The Zhaoqing Intelligent Connected Technology Industrial Park has a master plan of 600,000 square meters, with a current construction area of 227,000 square meters. It has obtained the main approval approval in May 2020. It has five major workshops for stamping, welding, painting, assembly, and pack. It has flexible production capacity for 4 models on different platforms, with a design and production capacity of 100,000 vehicles per year. Quality manufacturing is the foundation, and ecological operation is the core Quality manufacturing is the foundation, and ecological operation is the core. While refining product quality, Xiaopeng Motor comprehensively lays out various tasks such as sales, after-sales, and charging services, and satisfies the full touch experience of users throughout the product life cycle through a closed loop of product operation and a closed loop of service operation. Xiaopeng Motor provides users with an “integrated, multi-touch” service experience through a new retail model of “self-built and self-operated+authorized operation, 2S+2S, online+offline” to achieve unified online and offline prices, consistent sales processes, and consistent service standards across the country to ensure user experience; Xiaopeng Motor's official financial service brand, Xiaopeng Financial Services, including financial leasing, car insurance, etc., is committed to providing users with efficient and convenient one-stop car purchase financial services; Xiaopeng Motor has built its own supercharging stations and continues to build an intelligent ecosystem with excellent partners through high-quality foreign cooperation and service operations. Users provide convenient free charging services to effectively solve the mileage anxiety of smart electric vehicle users; in terms of after-sales service, Xiaopeng Motor relies on self-developed remote diagnosis systems, intelligent claims processing, and mobile services to improve users' service efficiency and intelligent experience. Since its establishment, Xiaopeng Motor has received support from top domestic and foreign investors such as Alibaba Group, Xiaomi Group, IDG Capital, Morningstar Capital, GGV Jiyuan Capital, Chunhua Capital, Gaolin Capital, and Sequoia China. Xiaopeng Motor listed on the New York Stock Exchange under the XPEV stock code on August 27, 2020, and raised 1.7 billion US dollars, creating the IPO with the highest financing amount and issuance valuation among current new car builders. In December 2020, Xiaopeng Motor completed its first increase after completing its listing, raising 2.5 billion US dollars, making it the largest initial stock increase in the history of China Securities.