In response to the news that Alibaba announced the equity of Xpeng Motors, Xpeng Motors issued a response. The company emphasized that Alibaba's ** behavior is due to its investment strategy, not a weakening confidence in the future of Xpeng Motors.
Xpeng Motors said that although Ali has taken part of the shares, they are still the second largest shareholder of Xpeng Motors, holding about 8% of the shares, and the two sides continue to carry out in-depth strategic cooperation in cloud computing and other fields. In addition, Xpeng also revealed that the current third largest shareholder is Volkswagen Group.
It is understood that Xpeng Motors currently has more than 40 billion yuan of cash reserves on hand, and its free cash flow in the second half of the year has reached billions of yuan.
Alibaba also issued a statement, saying that they ** Xpeng Motors equity is based on its own capital management goals, the shareholding ratio from 102% to 75%。The person in charge of Ali said that despite the ** equity, they are still confident in the prospects of Xpeng Motors and look forward to continuing to cooperate. This shows that the relationship between the two parties remains positive.