Just last night, $XPeng (XPEV.US)$A technical framework agreement was reached with Volkswagen. Volkswagen invested 700 million US dollars in Xiaopeng and acquired about 4.99% of Xiaopeng Motor's shares at a price of 15 US dollars per share. The two sides will target the Chinese market and jointly develop electric models of the two Volkswagen brands. The two new cars will be built based on the platform used by Xiaopeng G9 and are expected to be launched in 2026.
Xiaopeng's US stock soared last night, with the highest increase of more than 40%, and 26% even at the close. Today, Xiaopeng Hong Kong stocks are even bolder, rising 33.88% as of the afternoon closing. Combined with the previous launch of the new G6 car, Xiaopeng increased by more than 80% in just over a year.
Among the three electric idiots, Brother Ergou was the least optimistic. He didn't expect Xiaopeng to have such a move; he was really caught off guard. Getting back to the bottom of the story, Xiaopeng's collaboration with Volkswagen is definitely of great significance. It is very exciting not only for Xiaopeng Motor itself, but for domestic cars as a whole. Next, Brother Ni will talk about his understanding of this cooperation. Of course, this is the personal understanding of Brother Ergou. Inevitably, there will be biases and mistakes. I also ask all the viewers to be very careful and correct, and thank Erdogzi.
1. The significance of $700 million to Xiaopeng
Brother Ergou has always been not very optimistic about Xiaopeng; Brother Ergou never denies this. When it comes to Xiaopeng's bad points, Brother Ergou has a lot to complain about, such as Xiaopeng's name, Duri Ba (Xiaopeng in the village next door?) , chaotic internal management (previously G3 pricing was messy), no explosions after P7 (...