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According to media reports, Xiaopeng Motor has secretly submitted IPO documents to the US stock market and plans to raise US $500m. The overall listing plan is expected to be from July to September this year, and has hired JPMorgan Chase, Goldman Sachs and other investment banks, of which JPMorgan Chase is the lead underwriter. Gu Hongdi, vice chairman and president of Xiaopeng Motor, was the chairman of JPMorgan Chase's investment bank in the Asia-Pacific region.

In response to the above information, Xiaopeng Motor responded to the media, "We will not comment on market rumors." Xiaopeng Motor will pay close attention to the development of the capital market in order to grasp the financing opportunities conducive to the development of enterprises. "

Data show that Guangzhou Orange Bank Zhizhong Automotive Technology Co., Ltd. was established in January 2015, with a registered capital of 14.61 million yuan, and the legal representative is Xia Heng, co-founder and president of Xiaopeng Automobile. at present, the company is wholly owned by Guangdong Xiaopeng Automotive Technology Co., Ltd. Some industry insiders said that according to Xiaopeng's series of actions, the more important step this year is the listing of Xiaopeng P7, and the next step Xiaopeng is likely to carry out overseas IPO.

On May 18, according to the data released by the National Enterprise Credit Information publicity system, the shareholders of Guangzhou Orange Bank Zhizhi Automotive Technology Co., Ltd., the main body of Xiaopeng automobile, changed. It is understood that a total of 27 shareholders, including Hangzhou Ali Venture Capital Co., Ltd., Guangzhou Penghang Investment Management Enterprise, Shanghai Yunfeng Xinzhi Investment Center, Alibaba Network Technology Co., Ltd., Xia Heng, he Xiaopeng and other shareholders, have withdrawn from the company. In response, Xiaopeng said the move "still belongs to the operation of the group's overseas restructuring".

In December 2019, Guangzhou Orange Bank Intelligent Automotive Technology Co., Ltd. a total of 47 shareholders pledged all their shares, including major shareholder he Xiaopeng. As well as Guangzhou Penghang investment management enterprise, Xia Heng, Alibaba (China) Network Technology Co., Ltd., Hangzhou Ali Venture Capital Co., Ltd., so this is not the first time that Xiaopeng has changed its shareholders.

Equity pledge is equity pledge, which is to deliver all your goods or rights as collateral. According to media speculation, the change in ownership structure or shareholder withdrawal is related to the award VIE (Variable Interest Entities) structure, which may pave the way for the future IPO and prepare for the company's overseas listing in the future.

Since 2019, rumors about Xiaopeng's IPO listing in the United States have often been reported, but Xiaopeng has never admitted or denied the fact of IPO, only responding to "the current launch time is only a plan, not finally determined."

As we all know, car building is one of the most expensive industries. Li Bin, CEO of Xilai Automobile, has also said that "20 billion yuan is an admission ticket for car building." therefore, for Xiaopeng Motor, the most important thing is to promote the financing process. It is understood that Xiaopeng's last financing was in November last year. On November 13, 2019, Xiaopeng completed $400m in round C financing, which introduced Xiaomi Group and promoted C+ round financing, but it is still a long way from the 30 billion yuan financing target put forward by he Xiaopeng.

In 2018, Xiaopeng CEO he Xiaopeng publicly said that Xiaopeng thought it was natural for a company to go public, rather than making any passive choices. At present, our main goal is to do a good job in the core business, products and word of mouth.

At present, Xiaopeng already has two models on sale, namely the Xiaopeng G3 and the Xiaopeng P7. The subsidized price of the Xiaopeng G3 listed in December 2018 is 14.68-199800 yuan, and the subsidized price range of the Xiaopeng P7 listed in April 2020 is 22.99-349900 yuan. Data show that Xiaopeng new car delivery volume in April this year was 1233, down 31.3% from the same period last year. The cumulative delivery volume from January to April was 3564, an increase of 27.5% over the same period last year.

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