Written by Cláudio Afonso | LinkedIn | X
XPeng shares have soared 273% since founder and CEO He Xiaopeng increased his stake in the company last August, purchasing a total of $13.5 million worth of shares in both Hong Kong and the U.S.
According to a Hong Kong Stock Exchange filing, He acquired 1 million Class A ordinary shares between August 21 and 23 at an average price of HKD 27.13 per share, amounting to approximately HKD 27.13 million ($3.5 million).
Additionally, through his wholly owned entity, Galaxy Dynasty Limited, he purchased 1,419,922 American Depositary Shares (ADS) at an average price of $7.02 per ADS, totaling around $10 million.
At the time, XPeng’s U.S.-listed shares were trading less than $1 away from their all-time low of $6.18, reached in late 2022. The company was struggling with weaker demand and a lineup lacking a standout model.
A few days after the investment, XPeng shocked the industry by unveiling its cheapest model ever—the Mona M03—at a starting price of 119,800 yuan ($16,500) in Guangzhou. The model quickly gained traction, receiving 10,000 orders in the first 52 minutes and 30,000 within two hours. It has since accounted for nearly half of XPeng’s total sales.
Two months later, XPeng launched another model, the P7+ sedan, which rapidly became one of its best-selling vehicles. Last week, the company filed a trademark for the ‘P7+ Ultra’ naming, hinting that it will follow Xiaomi’s path and launch an ultra version of the sedan.
Over the past seven months, XPeng’s U.S.-listed shares have climbed from $7 to over $26. As of the latest trading session, the stock was up 16% at $26.60, amid a broader rally in Chinese auto stocks. Shares of fellow EV makers Nio and Zeekr also jumped 16%.
XPeng’s recent momentum has been supported by strong sales. The company registered 8,500 vehicles between March 3 and 9, according to data released by Li Auto on Tuesday, marking a 27% increase from 6,700 units the previous week.
XPeng recently launched its X9 MPV in Malaysia, expanding its international footprint. In February, the company added 16 new charging stations across China, bringing its total to nearly 2,100 stations with more than 10,900 charging piles.
XPeng is set to unveil refreshed versions of its G6 and G9 SUVs on March 13, as it updates its lineup to remain competitive in China’s increasingly crowded EV market.
The Guangzhou-based automaker is also preparing to introduce its first extended-range model later this year.
