XPENG Receives Third Consecutive MSCI ESG Rating of AA
October 02 2022 - 8:00PM
Business Wire
Dedication to EV technology innovation brings
remarkable growth potential
XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX:
9868), a leading Chinese smart electric vehicle (“Smart EV”)
company, announced today that it received an MSCI ESG rating of AA
for the year 2022. Obtained on September 27, 2022, it is the
Company’s third consecutive annual AA rating by MSCI ESG Research,
ranking top among carmakers worldwide for ESG performance.
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In addition, on September 23, XPENG received an industry-leading
ESG score of 49 from the Dow Jones Sustainability Index (DJSI),
representing a 48% increase from 2021 and a leading score among
Chinese automakers.
“These latest ESG ratings from the world's leading indexes
represent a powerful commendation of the Company’s commitment to
sustainability and best ESG practices,” said He Xiaopeng, Chairman
and CEO of XPENG.
“As a leading Smart EV brand dedicated to full-stack, in-house
technology advancement, we strive to fulfill our responsibilities
as a global corporate citizen with a comprehensive ESG framework
and practices that address the evolving needs of our industry,
customers, environment and our society. We aspire to be a leading
force in the worldwide effort to promote carbon neutrality and
shape the future of sustainable mobility,” He said.
The MSCI AA ESG rating recognizes the Company’s achievement in
reducing carbon footprint and its growth potential driven by its
clean technology innovation. MSCI ESG Research provides ratings for
companies on a scale of AAA (leader) to CCC (laggard), according to
their exposure to industry-specific ESG risks and the ability to
manage those risks relative to peers.
XPENG outperformed the industry in the latest DJSI ESG rating in
multiple categories including business ethics, data security,
product quality, environmental factors and carbon emissions. The
DJSI, a globally renowned ESG ratings index, holistically assessed
companies according to the most relevant criteria in each
sustainability dimension based on their weight in the assessment
and their current or expected significance for the industry.
In May 2022, the Company disclosed in its 2021 ESG report that
its Smart EVs delivered in 2021 will reduce CO2 emissions by
approximately one million metric tons over their entire lifecycle,
compared to internal combustion engine vehicles. XPENG integrates
environmentally-friendly engineering in its vehicles from the
design stage, reducing energy consumption by improving wind
resistance control, boosting efficiency of the electric drive
system and controlling low-voltage power consumption. In addition,
XPENG actively adopts various measures to reduce energy consumption
in production. Since the photovoltaic power generation projects at
XPENG’s Zhaoqing plant came into operation in late 2021, the plant
has reduced CO2 emissions by 1,531 metric tons. In 2021, XPENG
formed a carbon neutrality working group, launching a series of
projects to reduce the Company’s carbon emissions and pursue
company-wide carbon neutrality goals.
About XPeng Inc.
XPeng Inc. (“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 and data, 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
plant in Zhaoqing, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221002005080/en/
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: PR Department XPeng Inc. Email:
pr@xiaopeng.com
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