XPENG Completes RMB964 Million Debut Issuance of Auto Leasing Carbon-neutral Asset-backed Securities on the Shanghai Stock Exchange
04 November 2022 - 3:48PM
Business Wire
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 its debut
issuance of RMB964 million (app. US$133.5 million) automobile
leasing carbon-neutral asset-backed securities (“ABS”) on the
Shanghai Stock Exchange.
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XPENG G9 (Photo: Business Wire)
The issuance marks XPENG’s second ABS issuance in its home
capital market, further diversifying its direct financing channels
on the two major exchanges in China following its debut ABS
issuance on the Shenzhen Stock Exchange in March this year.
The issuance is also the first automobile leasing financing on
the Shanghai Stock Exchange focusing on asset-backed securities in
specialized, sophisticated and innovative new enterprises.
The ABS issuance received an enthusiastic response from
institutional investors in China, achieving record-low coupon rates
for automobile leasing ABS among China’s emerging automakers. The
issued ABS in the senior A tranche with a debt rating of AAA have a
coupon rate of 2.80%. The issued ABS in the senior B tranche with a
debt rating of AA+ have a coupon rate of 3.00%.
The successful financing highlights investors’ recognition of
XPENG’s carbon neutrality and ESG (Environmental, Social and
Governance) initiatives, as well as its ongoing commitment to
sustainability.
On September 27, XPENG received an MSCI ESG rating of AA for the
year 2022, its third consecutive annual AA rating by MSCI ESG
Research, ranking top among carmakers worldwide for ESG
performance. In addition, on September 23, XPENG received an
industry-leading ESG score of 49 from the Dow Jones Sustainability
Index (DJSI), representing a 48% increase from 2021 and a leading
score among Chinese automakers.
About XPeng Inc.
XPeng Inc. (“XPENG”) is a leading Chinese Smart EV 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 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 advanced driver-assistance system
technology and in-car intelligent operating system, as well as core
vehicle systems including powertrain and the electrical/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 mainly manufactured at its
plant in Zhaoqing, Guangdong province. For more information, please
visit https://heyXPENG.com.
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For Investor Enquiries: IR Department XPeng Inc.
Email: ir@xiaopeng.com
Jenny Cai The Piacente Group Tel: +1 212 481 2050 / +86 10 6508
0677 Email: xpeng@tpg-ir.com
For Media Enquiries: PR Department XPeng Inc.
Email: pr@xiaopeng.com
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