XPeng Annual Report Reveals Wang Fengying Holds 1.65 Million Shares, or 0.1% of Total Equity

Xpeng Inc.'s annual report shows that Wang Fengying, the company's President, holds 1.65 million shares, representing 0.1% of the total outstanding shares. These shares resulted from the scheduled vesting of restricted stock units (RSUs) granted in March 2023. As of the end of 2025, 1.65 million shares have already vested, with the remaining 1.2 million shares scheduled to vest in tranches between 2026 and 2027. Prior to joining Xpeng, Wang spent 31 years at Great Wall Motor, where she served as Vice Chairwoman and President but never received any equity incentives. In both 2019 and 2020, Great Wall Motor proposed plans to grant her restricted shares, but both proposals were rejected by shareholders at general meetings.