AutoBeta(AutoBeta.net)12/15 Report--

Xiaopeng Motor may list IPO overseas. According to the national enterprise credit information publicity system, the 47 shareholders of Xiaopeng Automobile collectively pledged all their shares to Guangdong Xiaopeng Automotive Technology Co., Ltd. "this is part of Xiaopeng Automobile Group restructuring and belongs to the normal behavior of enterprise development and optimization of enterprise ownership structure," Xiaopeng Automobile said in an official statement today. "

According to the information, Guangzhou Orange Bank Intelligent Automotive Technology Co., Ltd., the main operating body of Xiaopeng Automobile, has a total of 47 shareholders pledged all their shares, including he Xiaopeng, a major shareholder. And Guangzhou Penghang investment management enterprises, Xia Heng, Alibaba (China) Network Technology Co., Ltd., Hangzhou Ali Venture Capital Co., Ltd.

Equity pledge is equity pledge, which is to deliver all your goods or rights as collateral.

It is worth noting that all the shares of the 47 shareholders are pledged to Guangdong Xiaopeng Automotive Technology Co., Ltd. According to Baidu Enterprise Information, Guangdong Xiaopeng Automotive Technology Co., Ltd. was established on June 21, 2019, with Xia Heng as its legal representative and 100% owned by XPeng (Hong Kong) Limited, which means it is a Hong Kong-funded company.

In response to the move by shareholders to pledge their shareholding to Guangdong Xiaopeng Automotive Technology Co., Ltd., Xiaopeng Automobile officially issued a statement on December 15, saying, "this is part of Xiaopeng Automobile's group restructuring." it belongs to the normal behavior of enterprise development and optimization of enterprise ownership structure. In the future, Xiaopeng Motor will continue to aim at the overall interests of the group and continue to optimize its structure. "

Industry insiders said that this time Xiaopeng's move is that the mainland operating entity will pledge all shareholders' equity to foreign-invested enterprises, which is in line with the VIE structure, and overseas listing is on the way.

In this regard, Auto House founder, ideal car CEO Li want to say, "in building a red chip or VIE structure, it is very normal thing, a new round of financing has US dollars to enter." Both we and NIO have such operations. "

He Xiaopeng, founder and chairman of Xiaopeng Automobile, said in an interview with the media during the Shanghai Auto Show on April 16, 2019 that Xiaopeng Motor IPO did not have a timetable, adding that the VIE structure currently being built for the company was only a change at the company structure level.

VIE framework is mainly used for Chinese enterprises to achieve overseas listing, financing and foreign investors to evade domestic regulatory restrictions on the access of foreign industries.

Xiaopeng Motor was founded in 2014 and is headquartered in Guangzhou. The first model, the G3, was officially launched in December 2018 and was manufactured by Haima Automobile. According to the data, Xiaopeng G3 sold 1016 vehicles in November, compared with 15124 from January to November this year. In addition, Xiaopeng P7, the second model of Xiaopeng, is scheduled to be delivered in the first half of next year.

In November, Xiaopeng announced the completion of a $400 million financing, which brought in a new investor, Xiaomi Group, and was blessed by existing shareholders, including he Xiaopeng. With the latest financing, Xiaopeng is currently valued at nearly 25 billion yuan.

Chairman he Xiaopeng commented in "Li Bin, the worst person in 2019,"if you go on firmly, you will see the dawn." It is expected that everyone will give the explorer more room in the process, and do not conclude because of the gains and losses of a certain node. Over time, we will all be stronger in the global competition. "

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