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Jason001
2021-06-24

XPeng Motor's Hong Kong stock issue price is up to HK $180 per share, and Nio sends blessings

小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。

XPeng Motor's Hong Kong stock issue price is up to HK $180 per share, and Nio sends blessings

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":126341940,"tweetId":"126341940","gmtCreate":1624545697780,"gmtModify":1703840021504,"author":{"id":3586992742345237,"idStr":"3586992742345237","authorId":3586992742345237,"authorIdStr":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>?</body></html>","htmlText":"<html><head></head><body>?</body></html>","text":"?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/126341940","repostId":1106576178,"repostType":4,"repost":{"id":"1106576178","kind":"news","pubTimestamp":1624536819,"share":"https://ttm.financial/m/news/1106576178?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:13","market":"us","language":"zh","title":"XPeng Motor's Hong Kong stock issue price is up to HK $180 per share, and Nio sends blessings","url":"https://stock-news.laohu8.com/highlight/detail?id=1106576178","media":"时代在线","summary":"小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。","content":"Text/Li ZhuolingLess than a year after its successful listing in the United States in August last year,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>He is preparing to return to Hong Kong for an IPO and wants to \"dual listing\".At 8 pm on June 24, XPeng Motor issued a supplementary announcement to the prospectus stating that it would issue 85 million Class A ordinary shares as part of the global offering, and Hong Kong would publicly offer 4.25 million Class A ordinary shares with the stock code \"9868\". XPeng Motor stated that the maximum issue price of this Hong Kong public offering is HK $180 per share or US $23.19 (equivalent to US $46.39 per ADS).In terms of shareholders, the prospectus shows that He XPeng, co-founder, chairman and CEO of XPeng Automobile, and his affiliated companies are the controlling shareholders of XPeng Automobile, holding 21.75% of the shares; Taobao China holds 11.9% and IDG Capital holds 4.8%.On the same day, Times Finance learned on the official website of the Hong Kong Stock Exchange that XPeng Automobile has passed the listing hearing of the Hong Kong Stock Exchange and submitted the post-hearing information set for the first time. XPeng Motors stated that this data set is not the final listing document and the company may update or amend it from time to time in accordance with the listing rules.It is reported that this return to Hong Kong stocks,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>He Bank of America is the joint sponsor of XPeng Automobile. The aforementioned investment bank has previously helped XPeng complete its listing in the United States. At the same time, XPeng Motor's financing scale is up to US $2 billion. However, regarding the news related to its listing in Hong Kong, XPeng Motors told Times Finance that it would not comment.<img src=\"https://static.tigerbbs.com/637e64eaf32d8f5ba864c1e1c3561ec9\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Credit: XPeng MotorsIt is worth noting that in addition to XPeng vehicles,<a href=\"https://laohu8.com/S/NIO\">Nio</a>And Li Auto have also previously reported that they are interested in listing in Hong Kong. In March this year, according to media reports, Nio and XPeng Motors have submitted listing applications to the Hong Kong Stock Exchange, but Ideal has not yet \"submitted forms\"; The report also quoted people familiar with the matter as saying that all three companies intend to sell 5% of their shares, and the total amount of funds raised may reach US $5 billion.Regarding the subsequent return plan and progress, Times Finance also interviewed Nio and<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Both parties said that there was no more information to disclose yet, and regarding the IPO dynamics of XPeng's return to Hong Kong, a person from Nio's public relations department said, \"Bless my teammates.\"Dual listing\"XPeng's listing in Hong Kong this time is a dual listing and is regulated by both the US SEC and the Hong Kong SFC. Generally speaking, this situation will be more stringent than a secondary listing.\" On June 24, Chuancai Securities strategist Wang Yitang told Times Finance.Public information shows that companies with primary listings on qualified exchanges (such as the New York Stock Exchange, Nasdaq, etc.) are allowed to make secondary listings in Hong Kong, but they must meet several major conditions, including that the company must be an innovator<a href=\"https://laohu8.com/S/300832\">New industries</a>The company has a good compliance record of listing on a qualified exchange for at least the last two full fiscal years, and the applicant's total market value at the time of secondary listing in Hong Kong is not less than 40 billion Hong Kong dollars, or the total market value at the time of listing is not less than 10 billion Hong Kong dollars and the revenue of the most recent audited fiscal year is not less than 1 billion Hong Kong dollars, etc.<img src=\"https://static.tigerbbs.com/7426061ec0b6d7263a5f645b48ccc96b\" tg-width=\"550\" tg-height=\"414\" referrerpolicy=\"no-referrer\">Image source: Screenshot of official website of HKExXPeng's return to Hong Kong stocks in the currently rare \"Dual Primary Listing\" method is mainly due to its short interval from the previous US stock listing (August 27 last year), which does not meet the requirements of secondary listing. The listed entity has at least two years of good regulatory compliance record on another qualified exchange.Wang Yitang told Times Finance that judging from the current market value of XPeng Automobile and the fact that the company is an innovative enterprise, it theoretically meets the standards for listing on the Hong Kong Stock Exchange. As of the close of trading on June 23, the closing price of XPeng Motor (XPEV.NYSE) U.S. stocks was US $41.61 per share, with a total market value of US $33.427 billion, or approximately HK $259.53 billion.However, XPeng Motor still mentioned a number of risks and uncertainties in the post-hearing materials submitted to the Hong Kong Stock Exchange, including the challenge of being a new entrant in the industry, the possibility that research and development work may not be able to produce the expected results, the risk of autonomous driving technology, and the fact that it has only recently started to generate revenue and is still generating losses and negative operating cash flow, and these situations may continue in the future.Among them, in relation to<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>In terms of production capacity cooperation, XPeng Motor said that the cooperation agreement with the former will expire on December 31 this year, but there may be failure to enter into a new contract or extend an existing contract with Haima on acceptable terms and conditions, and the agreement concluded It may also be terminated by mutual consent. In the event of any of the above, XPeng Automobile may have to enter into contracts with other third parties or significantly increase its own production capacity.\"We cannot guarantee that under such circumstances, we will be able to partner with other third parties or increase our own production capacity on acceptable terms to meet our needs, or at all. Complete any transition and ensure that the new third-party partner's factories produce<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The expenditure and time required for our electric vehicles to meet our quality standards and regulatory requirements may be greater than expected. Any of the foregoing factors may adversely affect our business, results of operations, financial condition and prospects. \" XPeng Motors pointed out in its post-hearing information.<img src=\"https://static.tigerbbs.com/70c771acf3ec396d6a6bb60ff0922bce\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Image source: Internet, please contact us to delete infringement\"Wei Xiaoli\" accelerates its return to Hong Kong for listing and raising funds?From the perspective of the industry, if XPeng Automobile enters the Hong Kong stock market as expected, it will help it further broaden its financing channels and make a good reserve of funds for its subsequent product launch and technology research and development.According to the information submitted by XPeng Automobile to the Hong Kong Stock Exchange, from 2018 to 2020, XPeng Automobile's annual R&D expenditures were RMB 1.051 billion, RMB 2.07 billion, and RMB 1.726 billion respectively, plus 535 million in the first quarter of this year. Yuan, totaling about 5.382 billion yuan. In 2019, 2020 and the three months ended March 31, 2021, the above expenses accounted for 89.2%, 29.5% and 18.1% of total revenue, respectively.In terms of R&D personnel, as of the end of March this year, 2,442 employees (accounting for about 39.8% of the total number) worked in XPeng's automotive R&D department, of which 62.1%, 16.3% and 21.5% were dedicated to automotive design and engineering, autonomous driving and intelligent operating system respectively. Looking at the details of employees classified by function, the proportion of R&D personnel of XPeng Motors is second only to those responsible for sales and marketing (2,518), which accounts for 41.1%.It is worth noting that XPeng Automobile has previously obtained relatively sufficient cash reserves through initial listing and subsequent stock issuance. It is reported that it completed its initial public offering and listed on the New York Stock Exchange in August last year. After deducting underwriting discounts, commissions and expenses, it raised a total net proceeds of approximately US $1.656 billion. Subsequently, in December last year, XPeng Motor completed a follow-up public offering at a price of US $45 per American depositary share or US $22.5 per share. After deducting underwriting discounts, commissions and expenses, it raised a total net proceeds of 2.445 billion dollars.At present, in addition to XPeng Motors, the other two leading new power car companies, Nio and Ideal, are rumored to also have plans to return to Hong Kong for listing to further optimize financing channels. Based on the Q1 financial report of the \"Wei Xiaoli\" car company, the current cash reserves of the three car companies all exceed 30 billion yuan. Among them, Nio's cash reserves are up to 47.5 billion yuan, XPeng's 36.201 billion yuan, and Li Auto's 30.36 billion yuan.Previously, Li Xiang, founder and CEO of Li Auto, once stated that Ideal did not mind any form of financing, including the secondary market, bank loans and bond issuance.Some people in the industry told Times Finance that while expanding external financing channels, expanding the delivery scale to improve their own hematopoietic capabilities is still the top priority for new power car companies to achieve profitability. According to<a href=\"https://laohu8.com/S/002736\">Guosen Securities</a>The research report estimates that if Nio, XPeng, and Ideal want to achieve profitability, the sales volume needs to reach 180,000, 120,000, and 60,000 respectively. As of the end of May this year, Nio's cumulative delivery volume was 109,500 vehicles, XPeng's cumulative delivery volume exceeded 64,000 vehicles, and Li Auto's cumulative delivery volume exceeded 56,000 vehicles.","source":"lsy1588128741489","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng Motor's Hong Kong stock issue price is up to HK $180 per share, and Nio sends blessings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Motor's Hong Kong stock issue price is up to HK $180 per share, and Nio sends blessings\n</h2>\n<h4 class=\"meta\">\n\n时代在线2021-06-24 20:13\n\n</h4>\n</header>\n<article>\nText/Li ZhuolingLess than a year after its successful listing in the United States in August last year,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>He is preparing to return to Hong Kong for an IPO and wants to \"dual listing\".At 8 pm on June 24, XPeng Motor issued a supplementary announcement to the prospectus stating that it would issue 85 million Class A ordinary shares as part of the global offering, and Hong Kong would publicly offer 4.25 million Class A ordinary shares with the stock code \"9868\". XPeng Motor stated that the maximum issue price of this Hong Kong public offering is HK $180 per share or US $23.19 (equivalent to US $46.39 per ADS).In terms of shareholders, the prospectus shows that He XPeng, co-founder, chairman and CEO of XPeng Automobile, and his affiliated companies are the controlling shareholders of XPeng Automobile, holding 21.75% of the shares; Taobao China holds 11.9% and IDG Capital holds 4.8%.On the same day, Times Finance learned on the official website of the Hong Kong Stock Exchange that XPeng Automobile has passed the listing hearing of the Hong Kong Stock Exchange and submitted the post-hearing information set for the first time. XPeng Motors stated that this data set is not the final listing document and the company may update or amend it from time to time in accordance with the listing rules.It is reported that this return to Hong Kong stocks,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>He Bank of America is the joint sponsor of XPeng Automobile. The aforementioned investment bank has previously helped XPeng complete its listing in the United States. At the same time, XPeng Motor's financing scale is up to US $2 billion. However, regarding the news related to its listing in Hong Kong, XPeng Motors told Times Finance that it would not comment.<img src=\"https://static.tigerbbs.com/637e64eaf32d8f5ba864c1e1c3561ec9\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Credit: XPeng MotorsIt is worth noting that in addition to XPeng vehicles,<a href=\"https://laohu8.com/S/NIO\">Nio</a>And Li Auto have also previously reported that they are interested in listing in Hong Kong. In March this year, according to media reports, Nio and XPeng Motors have submitted listing applications to the Hong Kong Stock Exchange, but Ideal has not yet \"submitted forms\"; The report also quoted people familiar with the matter as saying that all three companies intend to sell 5% of their shares, and the total amount of funds raised may reach US $5 billion.Regarding the subsequent return plan and progress, Times Finance also interviewed Nio and<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Both parties said that there was no more information to disclose yet, and regarding the IPO dynamics of XPeng's return to Hong Kong, a person from Nio's public relations department said, \"Bless my teammates.\"Dual listing\"XPeng's listing in Hong Kong this time is a dual listing and is regulated by both the US SEC and the Hong Kong SFC. Generally speaking, this situation will be more stringent than a secondary listing.\" On June 24, Chuancai Securities strategist Wang Yitang told Times Finance.Public information shows that companies with primary listings on qualified exchanges (such as the New York Stock Exchange, Nasdaq, etc.) are allowed to make secondary listings in Hong Kong, but they must meet several major conditions, including that the company must be an innovator<a href=\"https://laohu8.com/S/300832\">New industries</a>The company has a good compliance record of listing on a qualified exchange for at least the last two full fiscal years, and the applicant's total market value at the time of secondary listing in Hong Kong is not less than 40 billion Hong Kong dollars, or the total market value at the time of listing is not less than 10 billion Hong Kong dollars and the revenue of the most recent audited fiscal year is not less than 1 billion Hong Kong dollars, etc.<img src=\"https://static.tigerbbs.com/7426061ec0b6d7263a5f645b48ccc96b\" tg-width=\"550\" tg-height=\"414\" referrerpolicy=\"no-referrer\">Image source: Screenshot of official website of HKExXPeng's return to Hong Kong stocks in the currently rare \"Dual Primary Listing\" method is mainly due to its short interval from the previous US stock listing (August 27 last year), which does not meet the requirements of secondary listing. The listed entity has at least two years of good regulatory compliance record on another qualified exchange.Wang Yitang told Times Finance that judging from the current market value of XPeng Automobile and the fact that the company is an innovative enterprise, it theoretically meets the standards for listing on the Hong Kong Stock Exchange. As of the close of trading on June 23, the closing price of XPeng Motor (XPEV.NYSE) U.S. stocks was US $41.61 per share, with a total market value of US $33.427 billion, or approximately HK $259.53 billion.However, XPeng Motor still mentioned a number of risks and uncertainties in the post-hearing materials submitted to the Hong Kong Stock Exchange, including the challenge of being a new entrant in the industry, the possibility that research and development work may not be able to produce the expected results, the risk of autonomous driving technology, and the fact that it has only recently started to generate revenue and is still generating losses and negative operating cash flow, and these situations may continue in the future.Among them, in relation to<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>In terms of production capacity cooperation, XPeng Motor said that the cooperation agreement with the former will expire on December 31 this year, but there may be failure to enter into a new contract or extend an existing contract with Haima on acceptable terms and conditions, and the agreement concluded It may also be terminated by mutual consent. In the event of any of the above, XPeng Automobile may have to enter into contracts with other third parties or significantly increase its own production capacity.\"We cannot guarantee that under such circumstances, we will be able to partner with other third parties or increase our own production capacity on acceptable terms to meet our needs, or at all. Complete any transition and ensure that the new third-party partner's factories produce<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The expenditure and time required for our electric vehicles to meet our quality standards and regulatory requirements may be greater than expected. Any of the foregoing factors may adversely affect our business, results of operations, financial condition and prospects. \" XPeng Motors pointed out in its post-hearing information.<img src=\"https://static.tigerbbs.com/70c771acf3ec396d6a6bb60ff0922bce\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Image source: Internet, please contact us to delete infringement\"Wei Xiaoli\" accelerates its return to Hong Kong for listing and raising funds?From the perspective of the industry, if XPeng Automobile enters the Hong Kong stock market as expected, it will help it further broaden its financing channels and make a good reserve of funds for its subsequent product launch and technology research and development.According to the information submitted by XPeng Automobile to the Hong Kong Stock Exchange, from 2018 to 2020, XPeng Automobile's annual R&D expenditures were RMB 1.051 billion, RMB 2.07 billion, and RMB 1.726 billion respectively, plus 535 million in the first quarter of this year. Yuan, totaling about 5.382 billion yuan. In 2019, 2020 and the three months ended March 31, 2021, the above expenses accounted for 89.2%, 29.5% and 18.1% of total revenue, respectively.In terms of R&D personnel, as of the end of March this year, 2,442 employees (accounting for about 39.8% of the total number) worked in XPeng's automotive R&D department, of which 62.1%, 16.3% and 21.5% were dedicated to automotive design and engineering, autonomous driving and intelligent operating system respectively. Looking at the details of employees classified by function, the proportion of R&D personnel of XPeng Motors is second only to those responsible for sales and marketing (2,518), which accounts for 41.1%.It is worth noting that XPeng Automobile has previously obtained relatively sufficient cash reserves through initial listing and subsequent stock issuance. It is reported that it completed its initial public offering and listed on the New York Stock Exchange in August last year. After deducting underwriting discounts, commissions and expenses, it raised a total net proceeds of approximately US $1.656 billion. Subsequently, in December last year, XPeng Motor completed a follow-up public offering at a price of US $45 per American depositary share or US $22.5 per share. After deducting underwriting discounts, commissions and expenses, it raised a total net proceeds of 2.445 billion dollars.At present, in addition to XPeng Motors, the other two leading new power car companies, Nio and Ideal, are rumored to also have plans to return to Hong Kong for listing to further optimize financing channels. Based on the Q1 financial report of the \"Wei Xiaoli\" car company, the current cash reserves of the three car companies all exceed 30 billion yuan. Among them, Nio's cash reserves are up to 47.5 billion yuan, XPeng's 36.201 billion yuan, and Li Auto's 30.36 billion yuan.Previously, Li Xiang, founder and CEO of Li Auto, once stated that Ideal did not mind any form of financing, including the secondary market, bank loans and bond issuance.Some people in the industry told Times Finance that while expanding external financing channels, expanding the delivery scale to improve their own hematopoietic capabilities is still the top priority for new power car companies to achieve profitability. According to<a href=\"https://laohu8.com/S/002736\">Guosen Securities</a>The research report estimates that if Nio, XPeng, and Ideal want to achieve profitability, the sales volume needs to reach 180,000, 120,000, and 60,000 respectively. As of the end of May this year, Nio's cumulative delivery volume was 109,500 vehicles, XPeng's cumulative delivery volume exceeded 64,000 vehicles, and Li Auto's cumulative delivery volume exceeded 56,000 vehicles.\n<div class=\"bt-text\">\n\n\n source：<a href=\"http://www.time-weekly.com/post/282527\">时代在线</a>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f112c7634aa63c7d43e3db0ad6536d8","relate_stocks":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"source_url":"http://www.time-weekly.com/post/282527","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106576178","content_text":"文／李卓玲\n距去年8月成功赴美上市不到一年时间，小鹏汽车便筹备回港IPO欲“双重上市”。\n6月24日晚8时，小鹏汽车发布了招股说明书补充公告称，将发行8500万股A类普通股作为全球发行的一部分，香港公开发售425万股A类普通股，股票代码为“9868”。小鹏汽车表示本次香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。\n股东方面，招股书显示，小鹏汽车联合创始人、董事长兼首席执行官何小鹏及其关联公司为小鹏汽车控股股东，持股21.75%；淘宝中国持股11.9%，IDG资本持股4.8%。\n同日，据时代财经在港交所官网了解到，小鹏汽车已通过港交所上市聆讯，并第一次呈交聆讯后资料集。小鹏汽车称，该资料集并非最终上市文件，公司可能会不时根据上市规则作出更新或修订。\n据悉，此次回归港股，摩根大通和美银为小鹏汽车联席保荐人，前述投行此前曾助小鹏完成赴美上市事宜。与此同时，小鹏汽车此次融资规模最多为20亿美元。不过，对于赴港上市相关消息，小鹏汽车对时代财经称，不予置评。\n图片来源：小鹏汽车\n值得关注的是，除了小鹏汽车外，蔚来和理想汽车此前亦均传出有赴港上市之心。今年3月，据媒体报道，蔚来、小鹏汽车已向港交所递交上市申请，而理想尚未“递表”；该报道并援引知情人士称，三家公司均打算出售5%的股权，筹资金额合计或将达到50亿美元。\n对于后续回归计划及进展，时代财经6月24日也分别采访了蔚来和理想汽车，双方均称暂无更多消息披露，而对于小鹏回港IPO动态，蔚来公关部人士称，“祝福队友”。\n双重上市\n“小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。一般来说，这种情况会比二次上市更为严格。”6月24日，川财证券策略分析师王一棠对时代财经表示。\n公开资料显示，在合格交易所（如纽交所、纳斯达克等）作主要上市的企业，允许在港作第二上市，但需符合几大条件，包括企业必须是创新产业公司、在至少最近两个完整会计年度于合格交易所上市的合规纪录良好，以及申请人于香港第二上市时的总市值不少于400亿港币，或上市时的总市值不少于100亿港币并且最近一个经审计会计年度的收益不少于10亿港币等。\n图片来源：港交所官网截图\n小鹏此次以目前较少见的“双重主要上市”(Dual Primary Listing)方式回归港股，主要因其距此前美股上市（去年8月27日）的间隔时间较短，不符合二次上市中对于上市主体在另一家符合条件的交易所至少有两年良好监管合规记录的要求。\n王一棠对时代财经称，从小鹏汽车当前市值，再加上该公司为创新企业，理论上满足上市港交所的标准。而截至6月23日收盘，小鹏汽车(XPEV.NYSE)美股收盘价为41.61美元/股，总市值达334.27亿美元，约合2595.3亿港币。\n不过，小鹏汽车在向港交所呈交的聆讯后资料中仍提及多项风险和不确定因素，包括作为行业新加入者的挑战、研发工作可能无法产能预期成果、自动驾驶技术风险，以及最近才开始产生收入且仍在产生亏损和负经营现金流，而此等情形将有可能于日后持续等。\n其中，在与海马汽车的产能合作方面，小鹏汽车称，与前者的合作协议将于今年12月31日届满，但可能存在未能与海马以可接纳的条款及条件订立新合约或延长现有合约，以及订立的协议亦可能会在双方同意下终止。如出现任何上述情况，小鹏汽车或须与其他第三方订立合约或大幅增加本身的产能。\n“我们无法保证在该情形下能按可接纳的条款，与其他第三方合伙或增加本身的产能以满足我们的需求，或完全不能满足。完成任何过渡及确保新第三方合作伙伴的工厂所生产的智能电动汽车符合我们的质量标准及监管规定所需的开支及时间可能较预期为多。上述任何因素均可能对我们的业务、经营业绩、财务状况及前景造成不利影响。”小鹏汽车在其呈交的聆讯后资料中指出。\n图片来源：网络，侵权请联系删除\n“蔚小理”加速回港上市筹资？\n在业界看来，若小鹏汽车如愿登陆港股市场，将助其进一步拓宽融资渠道，为其后续产品投放、技术研发等做好资金储备。\n据小鹏汽车呈交给港交所的资料显示，2018年至2020年，小鹏汽车的年研发开支分別为人民币10.51亿元、20.7亿元、17.26亿元，再加上今年一季度的5.35亿元，合计约53.82亿元。在2019年、2020年及截至2021年3月31日止三个月，上述开支分别占总收入89.2%、29.5%及18.1%。\n在研发人员方面，截至今年3月底，有2442名员工(占总人数约39.8%)在小鹏汽车研发部门工作，其中62.1%、16.3%和21.5%分别致力于汽车设计与工程、自动驾驶和智能操作系统。按职能分类的员工明细来看，小鹏汽车的研发人员占比仅次于负责销售及营销的员工（2518人），后者这一占比为41.1%。\n值得关注的是，小鹏汽车此前通过首发上市及后续股票增发等，获得较为充足的现金储备。据悉，其去年8月完成首次公开发售及于纽交所上市，经扣除承销折扣、佣金及开支后，共筹得所得款项净额约16.56亿美元。随后，去年12月，小鹏汽车又按每股美国存托股45美元或每股股份22.5美元的价格完成后续公开发售，经扣除承销折扣、佣金及开支后，共筹得所得款项净额24.45亿美元。\n而目前，除了小鹏汽车外，另外两家头部新势力车企蔚来、理想被传同样有回港上市计划，以进一步优化融资渠道。结合“蔚小理”车企Q1财报来看，目前三家车企现金储备均超300亿元，其中，蔚来现金储备最多达475亿元，小鹏为362.01亿元，理想汽车为303.6亿元。\n此前，理想汽车创始人、CEO李想曾对外表示，理想不介意任何一种方式的融资，包括二级市场、银行贷款和发债等。\n有业界人士对时代财经称，在拓宽外部融资渠道的同时，扩大交付规模以提升自身造血能力仍是新势力车企实现盈利的头等大事。据国信证券研报测算认为，蔚来、小鹏、理想要想实现盈利，销量规模分别需达到18万辆、12万辆和6万辆。截至今年5月底，蔚来累计交付量为10.95万辆，小鹏汽车累计交付量超6.4万辆，理想汽车累计交付量超5.6万辆。","news_type":1,"symbols_score_info":{"XPEV":0.9,"09868":0.9}},"isVote":1,"tweetType":1,"viewCount":1804,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}