Xiaopeng Motors responds to Alibaba’s reduction of holdings Still the second largest shareholder of the company

Xiaopeng Motors Remains Second Largest Shareholder Despite Alibaba's Reduction of Holdings

【PhoneAuto News】Recently, PhoneAuto noticed that in response to the “Alibaba reducing its stake in Xiaopeng Motors” news, Xiaopeng Motors responded that Alibaba’s reduction is part of their strategy to realize investment returns for shareholders as communicated in their Q3 quarterly report, and not because of a change in their views on Xiaopeng Motors. Alibaba remains the second largest shareholder of Xiaopeng Motors, holding approximately 8% of the shares, and will continue to collaborate deeply with Xiaopeng Motors in areas such as cloud computing.

Xiaopeng Motors responds to Alibaba’s reduction: Still the second largest shareholder of the company

On December 15th, Alibaba Group announced a reduction in its stake in Xiaopeng Motors, from 10.2% to 7.5%. A representative from Alibaba Group stated that based on their capital management objectives, they sold a portion of their shares but will maintain strategic cooperation with Xiaopeng Motors and have high expectations for its future prospects.

Currently, according to official news from Xiaopeng Motors, they will hold a launch event for the Xiaopeng X9 on January 1, 2024. The Xiaopeng X9 model was previously showcased at the Guangzhou Auto Show, where Xiaopeng Motors Chairman He Xiaopeng officially unveiled the actual vehicle. It is claimed that this model will open up the “youthful” MPV market. It is reported that the pre-sale price of the Xiaopeng X9 starts at 3.88 million yuan, with a lifetime quality guarantee for non-commercial vehicle owners. Terminal experience vehicles will arrive at stores in December, and deliveries will begin in January next year.

• FAW-Volkswagen ID.7 VIZZION launched! 3 models starting at 227,770 yuan.
• The BYD Song L officially goes on sale! Five versions priced at 189,800 to 2,498,000 yuan.
• BYD Song L officially goes on sale, fully equipped starting from 189,800 yuan.

On December 8th, Xiaopeng Motors officially announced that the first batch of Xiaopeng X9 display vehicles will gradually arrive at stores starting today, covering 61 cities nationwide, including Beijing, Shanghai, Guangzhou, Shenzhen, Qingdao, Haikou, Shijiazhuang, and more. Consumers can pay an intention deposit of 2,000 yuan, which can be deducted from the purchase price by 5,000 yuan.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!