Exhibit 99.1
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representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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and possessions, any state of the United States and the District of Columbia) or any other jurisdiction where such distribution is prohibited by law.
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any
other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of our securities to be made in the United
States will be made by means of a prospectus that may be obtained from the relevant underwriters and that will contain detailed information about us.
XPeng Inc.
小鵬汽車有限公司*
(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)
(Stock Code: 9868)
VOLUNTARY ANNOUNCEMENT
SOP CLOSING OF THE ACQUISITION OF
DIDI’S SMART AUTO DEVELOPMENT BUSINESS ASSETS
AND THE ISSUE OF SOP CONSIDERATION SHARES
Reference is made to XPeng Inc.’s (the “Company”) announcements dated August 28, 2023 and November 13, 2023, in relation to,
among others, the acqusition of Didi Global Inc.’s smart auto development business assets and the Initial Closing. Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as defined in the
Company’s announcement dated August 28, 2023.
SOP CLOSING OF THE ACQUISITION
The Board is pleased to announce that on July 30, 2024, the Company launched the mass-production in identical models (start-of-production, SOP) of Mona for sales and delivery to ordinary customers, and hence the SOP Milestone under the Share Purchase Agreement has been achieved. Beginning August 1, 2024, the first
batch of display cars for XPENG MONA M03, a smart all-electric hatchback coupe, has arrived at XPENG showrooms nationwide. The SOP Closing accordingly took place on August 13, 2024.
Pursuant to the Share Purchase Agreement, the Company allotted and issued 4,636,447 Class A ordinary shares as the SOP Consideration Shares to DiDi,
representing approximately 0.24% of the issued and outstanding share capital of the Company as enlarged by the allotment and issue of the SOP Consideration Shares.
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