JunHe Assists XPeng in its First Follow-on Public Offering

Following its successful landing on the New York Stock Exchange in August 2020,  XPeng Inc. (hereinafter referred to as "XPeng Motors" or the "Company") announced on December 11, 2020 that it had issued 55,200,000 additional American Depository Shares at the price of USD 45 per share, raising a total of approximately USD 2.4 billion (including over-allotment), the largest additional issuance in the history of China concept stocks. JunHe acted as the company’s legal counsel.

XPeng Motors is a leading Chinese company that designs and manufactures Smart EVs,  integrating cutting-edge Internet and artificial intelligence innovation. Since its establishment five years ago, XPeng Motors has gone global and set up large-scale, diversified and independent research teams. The company's R&D headquarters are located in Guangzhou, and it has established design, R&D, manufacturing and marketing locations in Beijing, Shanghai, Guangzhou, Silicon Valley, San Diego, Guangdong Zhaoqing and Zhengzhou. XPeng Motors has a global reach and focuses on domestic service. It is committed to the development of Internet-based smart electric vehicles through their "Double Optimizer" model composed of digitalization and electrification, shaping the future of travel. 

JunHe acted as the PRC legal counsel to the underwriter in the Project. Under a very tight schedule, JunHe assisted the underwriter in providing high-quality, rigorous and efficient legal services. The team conducted comprehensive domestic legal due diligence, reviewed and amended the relevant application documents and issued PRC law related legal opinions, all of which ultimately helped XPeng Motors to successfully complete the additional issuance. JunHe has always been recognized and trusted by the company, the underwriter and other intermediaries for its rigorous and efficient work style, as well as its meticulous and dedicated service attitude.

The lead partners of the Project were Mr. WANG, Yi and Mr. SHANG, Shiming (George). The main undertaking partner was Mr. SHANG, Shiming (George).