XPeng Shares Decline in 2025, CEO Makes Significant Stock Purchase
XPeng's CEO Xiaopeng He boosts confidence by acquiring over 2 million shares amid a nearly 50% stock drop this year.
Highlights
- XPeng's American Depositary Receipts (ADRs) surged on Monday following the announcement that CEO Xiaopeng He purchased over 2 million company shares.
- The CEO acquired 1 million H-shares on the Hong Kong Stock Exchange and 1.42 million U.S.-listed ADRs.
- Despite this, XPeng's stock has fallen close to 50% throughout 2024.
Shares of XPeng (ticker: XPEV) experienced a notable increase on Monday after the electric vehicle (EV) manufacturer disclosed that CEO Xiaopeng He bought more than 2 million shares of the company.
Specifically, He acquired 1 million H-shares at an average price of HK$27.13 (approximately $3.48 USD) and 1.42 million American Depositary Shares (ADSs) at an average price of $7.02 USD between August 21 and 23.
The company’s board revealed in a statement that "Mr. He has also expressed his intention to further increase his stake in the company," signaling strong leadership confidence.
CEO's Strategic Move Amid Significant Stock Decline
Earlier this month, XPeng reported revenue figures that fell short of market expectations, although its losses were less severe than anticipated, partly due to a strategic partnership with Volkswagen. This collaboration focuses on co-developing electrical and electronic (E/E) architecture for Volkswagen vehicles produced in China.
While XPeng's ADRs climbed about 7% during Monday's morning trading session, the stock remains down nearly 50% year-to-date.
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