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Stocks in Hong Kong have risen more than 3% for Xpeng-W (09868) due to the fact that the milestone under the share purchase agreement has been achieved.
Xpeng-W (09868) rose more than 3%. As of publication, it rose 3.65%, reported HK$27, with a turnover of HK$13.7103 million.
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Xpeng (09868.HK): The SOP milestone under the share purchase agreement has been achieved.
Xpeng-W (09868.HK) announced on August 13th that the company had started production of mass-produced vehicles Mona on July 30, 2024 for sales and delivery to ordinary customers. Therefore, the milestone of SOP under the share purchase agreement has been achieved. Since August 1, 2024, the first batch of smart pure electric liftback coupe Xpeng MONA M03 has been gradually arriving at Xpeng's showrooms nationwide. Correspondingly, SOP delivery occurred on August 13, 2024. According to the share purchase agreement, the company has issued 4,636,447 Class A common shares to Didi for distribution.