XPENG ACHIEVES MSCI ESG'S HIGHEST “AAA” RATING FOR THE SECOND YEAR IN A ROW

GUANGZHOU, November 13, 2024 – XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese hi-tech car company, today announced it has again secured MSCI’s highest ESG rating of “AAA” for 2024. This prestigious rating highlights XPENG’s leadership in environmental, social, and governance (ESG) initiatives, recognizing the Company’s excellence in areas such as clean technology and corporate governance.

MSCI ESG ratings assess companies across key sustainability dimensions, evaluating their impact on issues such as carbon footprint, employee management, and corporate governance. With its AAA rating, XPENG stands out for its advancements in clean technology and corporate governance, earning high marks from MSCI for its comprehensive ESG strategy and its focus on delivering sustainable value. MSCI’s ratings are highly respected and utilized by global investors to guide sustainable investment decisions.

Since its founding, XPENG has prioritized sustainable, low-carbon development. The Company’s 2023 ESG report underscores this commitment, detailing substantial carbon reductions - over 1.5 million tons in lifecycle emissions from its 2023 EV deliveries compared to traditional gasoline vehicles. The report also emphasizes product quality, ethical business practices, and customer satisfaction as core priorities.

This accomplishment follows other recent ESG honors for XPENG, including its inclusion in S&P Global's “China Sustainability Yearbook” and its “ESG Annual Clean Energy and Technological Innovation Pioneer” award. XPENG remains dedicated to fostering a more sustainable future, integrating ESG values across its operations to create a better, greener mobility experience.