XPeng Sets June AGM, Seeks Board Mandate to Issue More Shares

XPeng, Inc. Class A ( (HK:9868) ) has issued an announcement.

XPeng Inc. has called its annual general meeting for June 26, 2026, in Guangzhou, where shareholders will review the audited financial statements for 2025 and receive reports from the board and the company’s auditor. The meeting will also consider the re-election of three independent non-executive directors, the authorization of directors’ remuneration, and the reappointment of PricewaterhouseCoopers entities as auditors through the end of 2026.

Shareholders will vote on granting the board a general mandate to issue additional Class A ordinary shares or related securities up to 20% of the company’s issued share capital, subject to customary exclusions such as rights issues and employee incentive plans. If approved, the mandate would enhance XPeng’s financial and strategic flexibility for future capital raising and corporate initiatives during the authorized period, potentially affecting existing shareholders through dilution while supporting the company’s growth plans in the competitive EV sector.

The most recent analyst rating on (HK:9868) stock is a Sell with a HK$59.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

More about XPeng, Inc. Class A

XPeng Inc. is a Chinese smart electric vehicle maker incorporated in the Cayman Islands and listed in both New York and Hong Kong. The company focuses on designing, developing and manufacturing intelligent EVs, leveraging advanced software and autonomous driving technologies to compete in the rapidly growing new energy vehicle market in China and abroad.

Average Trading Volume: 15,699,590

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$117.1B

For a thorough assessment of 9868 stock, go to TipRanks’ Stock Analysis page.