Xiaopeng Motors suddenly became the second largest shareholder, is the prospect not optimistic, or is there another reason?
On December 15, Alibaba's subsidiary, China Holdings, announced that it plans to purchase 25 million shares of XPeng Motors' ADR as a pre-IPO investment on September 12, 2019, with a total value of 3$9.1 billion,** upon completion, Alibaba's stake increased by 102% to 75%, *dated around December 15th.
As soon as this news came out, there was an uproar on the Internet, and the most affected was Xiaopeng Motors, which fell by more than 8 in intraday trading on the same day5%, as of **, a decline of more than 75%。
In response to this, Xpeng Motors responded: "Ali** is implementing the strategy of realizing the investment and returning shareholders to the external communication of its financial report for the third quarter of fiscal year 2023, not because of the change in perception of Xpeng." In addition, Alibaba will remain the second largest shareholder of Xpeng Motors since then, and will continue to carry out in-depth strategic cooperation with Xpeng Motors in cloud computing and other fields. ”
In fact, the industry is generally very optimistic about the relationship between Alibaba and Xiaopeng Motors. You must know that during the period from the birth of Xiaopeng Motors to the absolute right to speak in its own new energy brands, Alibaba's shadow has always been with it.
Its founder, He Xiaopeng, served as the president of Ali Mobile Business Group, and in 2017, three years after the establishment of Xiaopeng Motors, Alibaba invested in Xiaopeng Motors with a 10-share stake03%。Since then, Xpeng Motors has been fighting monsters and upgrading all the way, successfully listing on the New York Stock Exchange in 2020, and listed on the main board of the Hong Kong Stock Exchange in 2021.
Entering 2023, Xpeng Motors will make another effort to tie up with Volkswagen. In July this year, Volkswagen and Xpeng reached a technical framework agreement to increase the capital of Xpeng Motors by about 700 million US dollars, which was completed in December this year, and at present, Volkswagen Group has become the third largest shareholder of Xpeng.
Since the beginning of this year, Xpeng Motors' sales have increased significantly, with its delivery volume in the third quarter of this year being 40,008 vehicles, completing the 40,000 milestone of single-quarter delivery, an increase of 724%, as of November 31, Xpeng Motors' cumulative deliveries this year reached 121486, which has exceeded last year's annual sales.
In addition, Xpeng Motors' revenue has also risen, according to its third-quarter financial report, Xpeng Motors' revenue in the third quarter exceeded 8.5 billion yuan, a year-on-year increase of 250%, an increase of 685%, back to the record high.
According to Xiaopeng, it currently has more than 40 billion yuan in cash, and the positive free cash flow in the second half of the year is billions of yuan, with abundant cash and a significant improvement in cash flow.
Therefore, Alibaba emphasized in its response: "I believe in the prospects of Xpeng and look forward to continuous cooperation with the company."