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Xiaopeng Motor responded to "Alibaba reducing part of his shareholding": it is still the second largest shareholder and is implementing its investment realization strategy.

2024-04-22 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Thanks to CTOnews.com netizen West Window old clues delivery! CTOnews.com December 16 news, According to blue whale finance, Xiaopeng car today to "Alibaba reduce part of Xiaopeng car equity" Response: Ali is in the implementation of its Q3 quarterly report external communication "Investment realization return shareholders" strategy, Not because of the view change to Xiaopeng company.

Xiaopeng Automobile said that Ali has remained Xiaopeng's second largest shareholder since then, holding about 8 per cent of shares, and continues to carry out in-depth strategic cooperation with Xiaopeng Automobile in cloud computing and other fields. Xiaopeng also said that the current third largest shareholder is Volkswagen.

In addition, Xiaopeng Automobile currently has more than 40 billion yuan in cash on hand, and the positive free cash flow in the second half of the year amounts to billions of yuan, saying that the current "cash is abundant" and the cash flow is "greatly improved."

CTOnews.com reported last night that Alibaba announced the sale of some of its stake in Xiaopeng Auto. Ali related responsible person said,"We sold some of our Xiaopeng shares according to our own capital management objectives, and our shareholding decreased from 10.2% to 7.5%. Xiaopeng is one of the leaders in the field of electric vehicles in China, and we have established a strategic partnership with him. We believe in Xiaopeng's prospects and look forward to continuing cooperation with the company. "

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