XPeng CEO Increases Stake with $13.5M Share Purchase

CEO Xiaopeng He buys over 2 million shares as the company navigates a challenging year with significant stock declines.

CEO's investment includes 1 million H-shares and 1.42 million American depositary shares.
XPeng shares have dropped nearly 50% this year despite the CEO's confidence in future growth.
Recent partnerships, including with Volkswagen, aim to boost XPeng's market position.
XPeng reported a 60.2% year-on-year revenue growth but missed analyst expectations.
The company is set to launch its most affordable model, Mona M03, later this week.