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Following the additional issuance of ADS, Xiaopeng Motors established two affiliated companies

by:Yisheng      2021-06-07

On December 10, according to the Tianyancha APP, on December 8, two affiliated companies of Xiaopeng Motors were established, namely Guangzhou Xiaopeng New Energy Automobile Co., Ltd. and Fuzhou Pengxing Trading Co., Ltd. Auto contacted Xiaopeng Motors related persons about the news, and the other party did not respond to a request for comment for the time being.

According to public information, the legal representative of Guangzhou Xiaopeng Automobile Technology Co., Ltd. is Xia Heng, with a registered capital of 2 billion yuan, of which Guangzhou Chengxing Zhidong Automobile Technology Co., Ltd. (ie Xiaopeng Automobile) subscribes 16.4 Billion yuan, Guangzhou Kunpeng Venture Capital Partnership subscribed 360 million yuan; business scope includes engineering and technology research and experimental development, technical services, technology development, technology consulting, technology exchange, technology transfer, technology promotion, etc.

Guangzhou Xiaopeng Automobile Technology Co., Ltd. is located in Yichuang Street, Sino-Singapore Guangzhou Knowledge City, Huangpu District, Guangzhou, adjacent to Guangzhou Chengxing Intelligent Automobile Technology Co., Ltd.

In addition, Guangzhou Kunpeng Venture Capital Partnership, the second shareholder of the company, was established on December 7, with a background of state-owned assets. It was jointly established by Xiaopeng Motors and Kaide Investment, an investment company under the Guangzhou Development Zone Management Committee. .

The other company established on December 8 is Fuzhou Pengxing Trading Co., Ltd., the legal representative is Zhu Yanhua, the registered capital is 10 million yuan, and it is wholly-owned by Xiaopeng Automobile Sales Co., Ltd.; its business scope includes Sales of new energy vehicle battery swap facilities, sales of new energy vehicle electrical accessories, retail of auto parts, etc.

It is worth noting that not long before the establishment of Guangzhou Xiaopeng Automobile Technology Co., Ltd., Xiaopeng Automobile issued an announcement of additional ADS. The raised amount will reach US$2.484 billion, which will be used for the development, market promotion, and company operations of smart electric vehicles. Judging from the establishment time and business scope of the new company, it may be related to this fundraising.

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