�AA MSCI ESG Rating Tops Global Auto Peers
GUANGZHOU, China–(BUSINESS WIRE)–$XPEV #XPEV–XPeng Inc. (XPeng or the Company, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (Smart EV) company, today announced the release of its inaugural Environmental, Social and Governance Report (the ESG Report), detailing the Companys strategy and outstanding achievements in ESG performance.
As part of its commitment to ESG, XPeng has curated an innovative core concept of X-SEG (Smart, Efficient and Green) that guides the establishment and operations of its factories and underpins all major aspects of the Companys business operations, from supply chain management and green manufacturing, to product safety management, eco-friendly operations and governance.
The Companys leadership in ESG is recognized globally. For the second consecutive year, in 2021 XPeng received an AA rating from MSCI ESG Research, the highest MSCI ESG rating among automobile companies worldwide. Notably, MSCI ESG Research scored XPeng 10 and 9.1 in the categories of Product Carbon Footprint and the Opportunities in Clean Tech, two of the key areas that contributed to the ESG ratings. This compares with industry averages in the same categories of 7 and 5.5. Furthermore, as part of their scoring review, MSCI ESG Research highlighted XPengs financial and personnel commitment to advancing technology as a key driver in the Companys ability to deliver long-term sustainability-focused innovation.
XPeng is one of the pioneers working to make Smart EVs accessible to the masses. Adherence to exemplary ESG standards in operations is integral to our core values and culture, impacting every decision we make, said He Xiaopeng, Chairman & CEO of XPeng. As a leader in the Smart EV industry and global corporate citizen, we take seriously our responsibility in leading the way by modelling outstanding, integrated practices in ESG. Through our efforts we aim to be a positive force in the development of future mobility and the betterment of societies around the world.
Additional achievements highlighted in the ESG Report include:
To view the 2020 ESG Report, please visit the ESG section of XPengs Investor Relations website. Click here for the Chinese version and here for the English version.
For more information on MSCI ESG ratings, click here.
About XPeng Inc.
XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Companys Smart EVs are manufactured at its plant in Zhaoqing, Guangdong province. For more information, please visit https://en.xiaopeng.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 XPengs 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: XPengs goals and strategies; XPengs expansion plans; XPengs future business development, financial condition and results of operations; the trends in, and size of, Chinas EV market; XPengs expectations regarding demand for, and market acceptance of, its products and services; XPengs 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 XPengs 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.
Contacts
For Investor Enquiries:
IR Department
XPeng Inc.
Email: ir@xiaopeng.com
Jenny Cai
The Piacente Group
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.com
For Media Enquiries:
Marie Cheung
XPeng Inc.
Tel: +852 9750 5170 / +86 1550 7577 546
Email: mariecheung@xiaopeng.com
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