Volkswagen Invests Xiaopeng Auto

Volkswagen Invests Xiaopeng Auto

HANGZHOU, CHINA - JULY 27, 2023 - Photo taken on July 27, 2023 shows the logo of Volkswagen in Hangzhou, East China's Zhejiang Province. On the same day, Xiaopeng Automobile shares soared, rising by more than 30%, and its share price successfully stood above 80 Hong Kong dollars at noon. It is understood that on the evening of July 26, Volkswagen Group announced that it signed A long-term cooperation technical framework agreement with Xopeng Automobile, and Volkswagen Group will increase capital to Xopeng Automobile by about $700 million, and acquire about 4.99% of XOPeng Automobile's equity at a price of $15 per ADS(American Depositary shares, each ADS represents two Class A ordinary shares).

  • Product Code
  • ILEA001561650
  • Registered date
  • 2023/7/27 00:00:00
  • Credit
  • CFOTO / Kyodo News Images
  • Media source
  • CFOTO
  • Media size
  • 5410 × 3671 pixel
  • Resolution
  • 350 dpi
  • Deployment size
  • 2.11(MB)*
  • Special instruction
  • China Out
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