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 announced that on September 29, 2023, various sellers (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 agree to sell and the buyer agrees 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; and the company holds 100% equity of the buyer, and the buyer 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 travel experience. 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 expects that most of Xiaopeng Motors' research and development work on intelligent electric vehicles 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. Pengxing has been committed to the research and development of robots with human-machine interaction since its establishment.