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XPeng Successfully Completes Debut Issuance of Auto Leasing Asset-backed Securities

First carbon-neutral automobile ABS on the Shenzhen Stock Exchange

GUANGZHOU, China--(BUSINESS WIRE)--$XPEV #EV--XPeng Inc. (�XPeng� or the �Company,� NYSE: XPEV, HKEX: 9868), a leading Chinese smart electric vehicle (�Smart EV�) company, today announced that its subsidiary, Guangzhou Xiaopeng Automotive Financial Leasing Co., Ltd., has successfully concluded the issuance of RMB775 million ($122 million) debut automobile leasing asset-backed securities (�ABS�). The ABS will be listed on the Shenzhen Stock Exchange in March 2022.

The issuance marks XPeng�s inaugural ABS issuance in its home capital market, further diversifying its direct financing channels. It also spotlights as the first carbon-neutral automobile leasing asset-backed ABS on the Shenzhen Stock Exchange, highlighting bond investors� recognition of XPeng�s carbon neutrality and ESG (Environmental, Social and Governance) initiatives, as well as its ongoing commitment to sustainability.

The ABS issuance attracted a large number of institutional investors in Mainland China, achieving the lowest coupon rate for auto leasing ABS among China�s emerging automakers. The issued ABS of RMB624 million in the senior A tranche with a debt rating of AAA have a coupon rate of 3.00%, due in 1 year. The issued ABS of RMB31 million in the senior B tranche with a debt rating of AA+ have a coupon rate of 3.50%, due in 1.8 years.

Additionally, the Hang Seng Indexes Company Limited announced on February 18, 2022, that XPeng Inc. (HKEX: 9868) will be included in the Hang Seng TECH Index as a constituent stock, effective March 7, 2022. Earlier in February, XPeng�s Ordinary Shares traded on The Stock Exchange of Hong Kong Limited were included in the Shenzhen and Shanghai-Hong Kong Stock Connect programs, enabling qualified Chinese Mainland investors to have direct access to its shares through the respective stock exchanges in the Mainland.

About XPeng Inc.

XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to explore and drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers� mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company�s Smart EVs are manufactured at its plant in Zhaoqing, Guangdong province. For more information, please visit https://en.xiaopeng.com.


For Investor Enquiries:

IR Department

XPeng Inc.

Email:�[email protected]

Jenny Cai

The Piacente Group

Tel: +1 212 481 2050 / +86 10 6508 0677

Email:�[email protected]

For Media Enquiries:

Marie Cheung

XPeng Inc.

Tel: +852 9750 5170 / +86 1550 7577 546

Email:�[email protected]

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