According to the Zhitong Financial App, Xiaopeng Motor-W (09868) announced that on September 29, 2023, each seller (xProBot Holdings Limited and a few other shareholders) and buyer Xiaopeng Motor Peng Xing (a wholly-owned subsidiary of the company) signed a share purchase agreement with Peng Xing. The seller agreed to sell and the buyer agreed to buy the shares sold, accounting for about 74.82% of all shares issued by Peng Xing on the date of this announcement, at a total cost of about US$9.86 million.
On the date of this announcement, He Xiaopeng, the controlling shareholder of the company, held 100% of the shares of xProBot Holdings Limited, while xProbot Holdings Limited held 56.83% of the issued shares of Peng Xing and was one of the sellers; and the company held 100% of the shares of the buyer, while the buyer held 25.18% of the issued shares of Peng Xing.
Xiaopeng Motor is committed to driving the transformation of smart electric vehicles through technology and leading future travel experiences. The company expects that with the development of autonomous driving and machine intelligence, existing four-wheel transportation methods will gradually be disrupted. The company expects that the vast majority of Xiaopeng Motor's smart electric vehicle research and development work will be related to intelligent robots. To achieve this goal, it is extremely important for Xiaopeng Motor to have long-term consistent planning and investment in product development.
Since its establishment, Peng Xing has been committed to the development of robots with human-computer interaction functions. With a strong focus on cutting-edge technology, Peng Xing aims to transform the way humans and robots interact and cooperate. As of the date of the share purchase agreement, Peng Xing has formed a strong team of engineers and researchers, and has accumulated 246 intellectual property rights, covering motion control, robotic arm control, robot autonomous navigation, motor and reducer design, robot hardware design, human-computer interaction, and voice control. After the transaction is completed, Xiaopeng Motor will have full ownership and control of Peng Xing. This move will enable Xiaopeng Motor to focus on the development of general-purpose humanoid intelligent robots.
