On August 26th, He Xiaopeng, founder of Xiaopeng Motors, and Yu Chengdong, chairman of Huawei Intelligent Automotive Solutions BU, interacted on Weibo.
Yu Chengdong sends his blessings to Xiaopeng for its 10th anniversary. He said that Xiaopeng has achieved remarkable results in the field of intelligent electric vehicles in the past decade, which are not only milestones for Xiaopeng, but also represent breakthroughs in the entire industry. Yu Chengdong hopes to work together with Xiaopeng to promote the development of intelligent vehicles and create a better way of transportation for users.
He Xiaopeng also thanked Yu Chengdong for his blessings and affirmation on Weibo.
With only one day left until the listing of MONA M03, Xiaopeng Motors has received positive news and its stock price has surged.
Xiaopeng Motors (09868) announced on the Hong Kong Stock Exchange that its controlling shareholder, He Xiaopeng, has purchased a total of 1 million Class A ordinary shares of the company on the public market from August 21, 2024 to August 23, 2024, at an average price of HKD 27.13 per Class A ordinary share, and purchased a total of 1.4199 million American Depositary Shares of the company through Galaxy Dynasty Limited, which is wholly owned by him, at an average price of USD 7.02 per American Depositary Share.
Based on this rough calculation, He Xiaopeng's increase in holdings this time is about HKD 107 million. The announcement stated that He Xiaopeng's increase in holdings demonstrates his confidence in the company's prospects and growth potential, and also reflects He Xiaopeng's long-term commitment to Xiaopeng Motors.
Affected by this news, the Hong Kong stock of Xiaopeng Motors rose sharply after opening, with an intraday increase of over 6%. As of the time of press, the stock price of Xiaopeng Motors was reported at HKD 28.7 per share, an increase of 5.71%.
It is reported that He Xiaopeng has clearly stated that he plans to further increase his shareholding in Xiaopeng Motors while complying with applicable laws and regulatory regulations.
It is worth noting that the timing of He Xiaopeng's announcement of increasing holdings coincides with the 10th anniversary of Xiaopeng Motors and the eve of the launch of the first model of the new brand MONA. Choosing to increase holdings at this stage indirectly shows He Xiaopeng's optimism about the company's development.
During the Q2 2024 earnings conference held by Xiaopeng Motors recently, He Xiaopeng expressed confidence in the listing of MONA M03. He judged that starting from the launch of this car, Xiaopeng Motors will enter a strong product cycle and a period of rapid development.
It is reported that starting from the launch of MONA M03, by 2026, Xiaopeng Motors will launch multiple new products and apply AI technology to them.
According to the financial report, in the first half of the year, Xiaopeng Motors' total revenue was RMB 14.66 billion, a year-on-year increase of 61.2%. Among them, the sales revenue was 12.36 billion yuan, an increase of 55.7% compared to the same period last year's 7.94 billion yuan. In the first half of the year, Xiaopeng Motors' gross profit margin was 13.5%, especially in the second quarter of this year, Xiaopeng Motors' gross profit margin performed outstandingly, continuously increasing to 14.0%, a year-on-year increase of 17.9 percentage points.
Xiaopeng Motors attributes the increase in gross profit margin to the following aspects: firstly, the continuous increase in sales volume; Secondly, the effectiveness of business management continues to emerge, and technological cost reduction is ongoing; The third is that strategic cooperation with Volkswagen has increased the revenue from technology monetization. In addition, Xiaopeng Motors has continuously undergone organizational changes in the past year, which has further improved the company's overall efficiency.
Regarding the short-term lows and setbacks that Xiaopeng Motors has experienced before, He Xiaopeng himself believes that Xiaopeng Motors has not wasted every crisis.
After the G9 launch event in September 2022 and the fluctuations in sales over the past two years, we are firmly committed to promoting strategic changes in organization and planning to comprehensively enhance the comprehensive competitiveness of Xiaopeng Motors. This will prepare Xiaopeng Motors for entering a period of rapid growth and fully preparing for the process of AI innovation in the next 10 years. He Xiaopeng said that in the next 10 years, AI technology will redefine automobiles and bring about even greater disruptive changes than electrification. Therefore, Xiaopeng Motors will continue to deepen its AI technology and further promote the widespread application of autonomous driving in globalization.
Starting this year, Xiaopeng Motors has significantly accelerated its globalization pace and effectively driven the company's performance growth. He Xiaopeng believes that to achieve high-quality globalization, we cannot rely solely on new energy, but also on AI.
Therefore, while exporting products overseas, Xiaopeng Motors is also upgrading its product systems through OTA. For example, the latest AI Dimensity OS completed its OTA for overseas markets on August 15th.