XPeng Inc ADR
XPEV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$59.70 | Zmgqn | Pjrlsfqzc |
XPeng: Strategic Investment From Volkswagen Reinforces Its Technology Leadership
XPeng has announced that the company and the Volkswagen Group have entered into a framework agreement on strategic technical collaboration and a share purchase agreement where Volkswagen will subscribe to 4.99% of XPeng’s newly issued Class A ordinary shares for a total consideration of USD 700 million. We view the technology collaboration agreement and the fund-raising activity positively as it reinforces XPeng’s leadership in vehicle electrification and autonomous driving technology.