On September 23, 2023, Chairman and CEO of Xpeng Motors He bought 2.2 million shares of Xpeng Motors in the open market, with an average price of 13.58 USD, an increase of 29.876 million USD (about 2 10/00000 RMB). This is the news that the share price of Xpeng Motors plummeted by 70% in half a year. Why did it cost 200 million yuan to bargain for Xpeng Motors?
It is noteworthy that the share price of Xpeng Motors has fallen by more than 70% in the past year. In addition, Xpeng Motors announced in the financial report of the second quarter of 2023 that the company will invest about 654.38+000 billion RMB in the R&D and production of new energy vehicles in the next three years.