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Press release content from Business Wire. The AP news staff was not involved in its creation. XPeng Announces Closing of Follow-On Public Offering and Full Exercise of the Underwriters’ Overallotment Option December 12, 2020 GMT GUANGZHOU, China (BUSINESS WIRE) Dec 11, 2020 XPeng Inc. (“XPeng” or the “Company”, NYSE:XPEV), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced the closing of its underwritten follow-on offering of 55,200,000 American Depositary Shares (“ADSs”), each representing two Class A ordinary shares of the Company, at a public offering price of US$45.00 per ADS. The number of ADSs issued at closing included the exercise in full of the underwriters’ option to purchase 7,200,000 additional ADSs from the Company. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, were approximately US$2.5 billion.

New yorkUnited statesSan diegoMarie cheungBroadridge financial solutionsXpeng incJp morgan securitiesPiacente groupCredit suisse securities united statesExchange commissionIr departmentProspectus departmentBofa securities incCitigroup global markets incCompany smart evsDepositary shares