XPeng Motors issues the second phase of the project under the ABS shelf of the Shenzhen Stock Exchange

On October 8th, XPeng announced the successful issuance of the "XPeng Financing Lease 2024 2nd Green Asset Support Special Plan", namely the successful issuance of the second project under the Shenzhen Stock Exchange ABS shelf, with a total project size of 595 million yuan. The funds raised will be used to provide financing lease solutions for users purchasing XPeng vehicles. It is reported that the original equity holder for this issuance is Guangzhou XPeng Auto Financing Lease Co., Ltd., a subsidiary of XPeng Auto. The issuance received positive subscriptions from investors, with the priority A1 face rate as low as 2.14%, the lowest among comparable face rates for 2024 Shenzhen Stock Exchange automotive financing lease ABS