As of August 26, Alibaba owned 19% of Xpeng’s Class A common stock, or 13.3% of Xpeng’s outstanding common stock, according to Alibaba and Xpeng’s filings with the US Securities and Exchange Commission.
On August 26, Xpeng went public and Alibaba pledged it would subscribe $200 million in the IPO. According to Xpeng’s prospectus, Alibaba’s ownership at that time was 14.4 percent, making it the largest outside shareholder outside of Xpeng’s management.
Xpeng’s largest shareholder is currently the company’s management. According to the prospectus, Xpeng’s management held 40.9 percent of Xpeng’s shares before the IPO, with He Xiaopeng as the largest shareholder with a 31.6 percent stake.
Other major shareholders include Xiaomi, GGV Capital, and Morningside Venture Capital.
