Alibaba's subsidiary, China Holdings, plans to share part of its stake in Xpeng Motors with a share of about 25 million shares, with a shareholding ratio of 102% to 75%, and the expected cash amount is about 3US$9.1 billion, equivalent to 2.8 billion yuan. However, even after the first day, Alibaba is still the second largest shareholder of Xpeng Motors.
The relevant person in charge of Alibaba Group said: "Some of our first shares are based on our own capital management goals, Xpeng is one of the leaders in the field of electric vehicles in China, and we have established a strategic partnership. We believe in Xpeng's prospects and look forward to continuing to work with them." Previously, at the quarterly results meeting on November 16, Alibaba's management also said that it would continue to optimize capital management, improve return on capital, and increase shareholder value.
Xpeng said that Alibaba** is implementing its Q3 quarterly report investment monetization return shareholder strategy, which does not mean that the perception of Xpeng Motors has changed. Alibaba remains the second largest shareholder of Xpeng Motors and will carry out in-depth strategic cooperation with it in areas such as cloud computing. In addition, Xpeng also emphasized that it has established a strategic partnership with Volkswagen, which is currently the third largest shareholder of Xpeng. Xpeng Motors is currently flush with cash, with billions of yuan of positive free cash flow in the second half of the year, and cash flow has improved significantly.
According to the financial report, Xpeng Motors' revenue in the third quarter of this year reached 85300 million yuan, an increase of 25% year-on-year and 68% month-on-month5%。The net loss was 38900 million yuan, up from 23 in the same period last year800 million yuan, with a net loss of 2.8 billion yuan in the second quarter. Gross margin was -27%, down 162 percentage points. From the perspective of sales performance, Xpeng Motors has maintained positive monthly delivery growth for ten consecutive months this year, and delivered 20,041 new cars in November, a year-on-year increase of 245%. As of the end of November, Xpeng Motors has delivered 121486 units in 2023, exceeding the cumulative delivery volume for the whole of 2022.
The above is the plan of ** Alibaba's subsidiary** China Holding Company ** Xpeng Motors shares, cashing out about 2.8 billion yuan, which is still its second largest shareholder.