Xiaopeng Motors-W plans to acquire the remaining 74.82% stake of Pengxing, with a proposed investment of 98.96 million US dollars, and is committed to the research and development of general-purpose humanoid intelligent robots.

Intelligent Finance News App: Xiaopeng Motors-W (09868) has announced that on September 29, 2023, various sellers (including XProbot Holdings Limited and other minority shareholders), the buyer Xiaopeng Motors Pengxing (a wholly-owned subsidiary of the company), and Pengxing have signed a share purchase agreement. The sellers have agreed to sell and the buyer has agreed to purchase the shares, accounting for approximately 74.82% of the total issued shares of Pengxing as of the date of this announcement, with a total consideration of approximately $98.96 million.

As of the date of this announcement, the company's controlling shareholder, He Xiaopeng, holds 100% equity of XProbot Holdings Limited, which holds 56.83% of the issued shares of Pengxing and is one of the sellers. The company also holds 100% equity of the buyer, who holds 25.18% of the issued shares of Pengxing.

Xiaopeng Motors is committed to driving the transformation of intelligent electric vehicles through technology and leading the future of travel experiences. The company expects that with the development of autonomous driving and artificial intelligence, the existing four-wheel transportation methods will be gradually disrupted. The company anticipates that most of the research and development work on intelligent electric vehicles at Xiaopeng Motors will be related to intelligent robots. To achieve this goal, Xiaopeng Motors' long-term consistent planning and investment in product research and development are extremely important.

Since its establishment, Pengxing has been dedicated to the research and development of robots with human-machine interaction capabilities. With a high focus on cutting-edge technology, Pengxing aims to transform the interaction and cooperation between humans and robots. As of the date of the share purchase agreement, Pengxing has built 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-machine interaction, and voice control. After the completion of this transaction, Xiaopeng Motors will have full ownership and control of Pengxing, enabling Xiaopeng Motors to focus on the development of general humanoid intelligent robots.