XPENG Upgraded to the Highest MSCI ESG Rating of AAA

Rhea-AI Summary

XPeng Inc. receives an upgrade in its MSCI ESG Rating from 'AA' to 'AAA', the highest rating given by MSCI.

Positive

• XPeng is recognized for leading its industry in managing ESG risks and opportunities.

Negative

• None.

GUANGZHOU, China--(BUSINESS WIRE)-- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced that Morgan Stanley Capital International ("MSCI") has upgraded its MSCI ESG Rating for the Company from "AA" to "AAA," which is MSCI’s highest rating and is given to companies that are leading their industries in managing ESG risks and opportunities.

MSCI is a leading provider of critical decision support tools and services for the global investment community with over 50 years of expertise in research, data and technology. An MSCI ESG Rating is designed to measure a company's resilience to long-term industry, environmental, social and governance risks. The upgrade of the Company’s ESG rating from "AA" to "AAA" acknowledges XPENG's long-term commitment to achieving its high standard of ESG.

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://heyXPENG.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goals and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, contract manufacturers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the SEC. All information provided in this press release is as of the date of this press release, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231011265943/en/

For Investor Enquiries:

IR Department

XPeng Inc.

Email: ir@xiaopeng.com

Jenny Cai

Piacente Financial Communications

Tel: +1 212 481 2050 / +86 10 6508 0677

Email: xpeng@tpg-ir.com

For Media Enquiries:

PR Department

XPeng Inc.

Email: pr@xiaopeng.com

Source: XPeng Inc.

FAQ

What is XPeng's MSCI ESG Rating?

XPeng's MSCI ESG Rating has been upgraded from 'AA' to 'AAA', the highest rating.

What does the upgrade signify?

The upgrade acknowledges XPeng's commitment to achieving a high standard of ESG.

What is MSCI?

MSCI is a leading provider of decision support tools and services for the global investment community.

What does ESG stand for?

ESG stands for environmental, social, and governance, and refers to the sustainability and ethical practices of a company.