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According to Tianyan survey data, Guangzhou Xiaopeng Automotive Technology Co., Ltd. changed its industrial and commercial information twice on October 11, and its registered capital changed from 650 million yuan to 6.9 billion yuan, an increase of 823.08%. The registered address has been changed from "Room 333, Jiufo Construction Road, Zhongxin Guangzhou knowledge City, Guangzhou" to "No. 8 Songgang Street, Cencun, Tianhe District, Guangzhou".

In response to the change in industrial and commercial information, Xiaopeng Automobile replied that Guangzhou Xiaopeng Automotive Technology Co., Ltd. is the flagship main body of Xiaopeng Automobile Research and Development. Xiaopeng Automobile pays special attention to the research and development of products and technology. at present, more than 60% of the R & D personnel invest billions of yuan every year. The increase of Xiaopeng's registered capital from 650 million to 6 billion is a reflection of Xiaopeng's heavy investment in research and development, and Xiaopeng will continue to strengthen its investment in research and development in the future.

As to whether this capital increase is related to IPO, Xiaopeng Motor said that there is no IPO plan at present, and Xiaopeng Technology Capital increase is a normal group operation.

According to Tianyanchang data, Guangzhou Xiaopeng Automotive Technology Co., Ltd. is a wholly-owned subsidiary of Guangzhou Orange Bank Intelligent Automotive Technology Co., Ltd., with a subscription amount of 6 billion yuan, which is the main operating body of Xiaopeng Automobile. Guangzhou Xiaopeng Automotive Technology Co., Ltd. is currently the largest subsidiary of Xiaopeng Automobile.

In addition, according to data, Xiaopeng Technology was established in May 2016, and the legal representative is Xia Heng. The scope of business includes technical research and development of vehicle engineering; wholesale of auto parts; in June 2018, the registered capital of Xiaopeng Automotive Technology was changed from 150 million yuan to 650 million yuan; in March this year, the company added new businesses such as automobile sales, electronic components and component manufacturing, and automobile maintenance and maintenance. On August 27, the shareholders of Xiaopeng Automobile sales Co., Ltd. also changed. Guangzhou Xiaopeng Automotive Technology Co., Ltd. withdrew from the ranks of shareholders, and Guangzhou Orange Bank Zhi Zhi Automotive Technology Co., Ltd. became the sole shareholder. Guangzhou Xiaopeng Automobile Investment Co., Ltd. changed its shareholders and Guangzhou Xiaopeng Automotive Technology Co., Ltd. withdrew from the ranks of shareholders. After the change, Guangzhou Orange Bank Zhizhong Automotive Technology Co., Ltd. holds 100% of the company.

It is worth mentioning that on October 10, the Hurun Research Institute released the 2019 Hurun Rich list. He Xiaopeng, chairman of Xiaopeng Motor, ranked 124th with a wealth of 25 billion yuan, an increase of 150% over the previous year. In addition, Xia Heng ranked 891st with a fortune of 4.7 billion yuan, an increase of 18% over the previous year.

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