On the evening of December 15th,Alibaba Group announced that it will take a portion of its stake in Xpeng Motors, with a stake of 102% to 75%。Previously, the U.S. ** Exchange Commission (SEC) announcement showed,Alibaba**China, a subsidiary of Alibaba, plans to sell 25 million ADRs (American Depositary Shares) of Xpeng Motors for a total value of about 39.1 billion US dollars (about 27 yuan.)800 million yuan).。Affected by this, the U.S. stock Xpeng Motors closed down 7 on December 1654%, an intraday decline of more than 85%。The relevant person in charge of Alibaba Group said: "According to our own capital management goals, we have taken part of the shares of Xpeng held by 102% to 75%。Xpeng is one of the leaders in China's electric vehicle sector, and we have established a strategic partnership with them. We believe in Xpeng's prospects and look forward to continued cooperation with the company." According to the "Shanghai ** News", in response to the "Alibaba ** part of the equity of Xiaopeng Motors".Xpeng Motors responded on December 16 that Ali** is implementing the strategy of returning shareholders to shareholders by realizing the investment communicated in its Q3 quarterly report, rather than because of a change in perception of Xpeng. Since then, Alibaba has remained the second largest shareholder of Xpeng, holding about 8% of the shares, and will continue to carry out in-depth strategic cooperation with Xpeng Motors in cloud computing and other fields。In addition, Xpeng emphasized that it has established a strategic cooperation with Volkswagen this year, and Volkswagen is currently the third largest shareholder of Xpeng. Xpeng currently has more than 40 billion yuan in cash on hand, and its positive free cash flow in the second half of the year reached billions of yuan, with abundant cash and a significant improvement in cash flow. According to the June 2021 Hong Kong Stock Exchange prospectus of Xpeng Motors, He Xiaopeng, co-founder, chairman and CEO of Xpeng Motors, and its affiliates are the controlling shareholders of Xpeng Motors, holding 21 shares75%；*China holds 119%, which is the second largest shareholder of Xpeng Motors; IDG Capital holds 48%。According to the financial report for the third quarter of this year, Xpeng Motors delivered more than 40,000 vehicles in the third quarter, an increase of 72 from the previous quarter4%。Xpeng's total revenue in the third quarter was 85300 million yuan, an increase of 25 percent year-on-year0%, an increase of 685%；78400 million yuan, an increase of 25 percent year-on-year7%, an increase of 77 month-on-month3%。Despite the double increase in revenue and delivery, Xpeng Motors still increased revenue but did not increase profits. Net loss for the third quarter was 38900 million yuan, compared with 23800 million yuan, an increase of 636%, and this figure was 2.8 billion yuan in the second quarter of 2023, an increase of 386%。As of November, Xpeng's cumulative sales in 2023 are 1220,000 units, while Xpeng set an annual sales target of 200,000 units at the beginning of the year, and the current target achievement rate is only about 60%. 
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