XPeng Motors Completes SOP Delivery of Didi's Intelligent Vehicle Assets Acquisition
TapTechNews August 13th news, XPeng Motors released an announcement, declaring that after the start of mass production and delivery of MONA, the SOP milestone under the share purchase agreement has been achieved, and today the SOP delivery of the acquisition of Didi's intelligent vehicle development business assets has been completed.
According to the share purchase agreement, XPeng has allotted and issued 4,636,447 Class A ordinary shares to Didi as the SOP consideration shares, accounting for approximately 0.24% of the company's issued and outstanding share capital after the expansion by the allotment and issuance of the SOP consideration shares.
XPeng Motors announced a strategic cooperation agreement with Didi last August, and the target business covers the research and development, design, and engineering development of new intelligent electric vehicles. Based on the expected significant synergy effects, XPeng Motors has become the first automotive manufacturing company to obtain the full support of the Didi ecosystem.
According to the share purchase agreement, XPeng Motors has initially allotted and issued 58,164,217 Class A ordinary shares to Didi as the first consideration shares, accounting for approximately 3.25% of the company's issued and outstanding share capital after the expansion by the allotment and issuance of the first consideration shares.
At today's close, the Hong Kong share price of XPeng Motors is HK$26.05 per share, and the market capitalization is HK$49.663 billion (TapTechNews note: currently about 45.733 billion yuan).
