Wang Fengying, the President of XPeng Motors, has now been formally entered onto the shareholder register, and she is set to hold 1.65 million Class A ordinary shares until March 31, 2026. Based on the stock price as of May 8, these shares are estimated to be valued at approximately RMB 86.08 million to RMB 87.20 million. The equity incentive plan, which was given the green light in March 2023, comes with a three-year service requirement and will reach full vesting and unlocking in March 2026. Since stepping into her role at XPeng Motors, Wang Fengying has spearheaded a sweeping restructuring of the company, propelling sales upward, boosting gross margins, and narrowing losses. In the fourth quarter of 2025, XPeng Motors achieved quarterly profitability for the first time, although it still posted an annual loss. Prior to her tenure at XPeng Motors, Wang Fengying had a long and illustrious 30-year career at Great Wall Motors. In 2022, she invested in shares of Great Wall Motors' Hong Kong-listed entity, but her investment is currently experiencing a floating loss. In recent years, the new energy vehicle industry has witnessed intense competition for top talent, with new energy vehicle companies frequently resorting to a 'high salary + high incentives' approach to lure in skilled professionals. In contrast, traditional automakers have generally been more cautious when it comes to offering equity incentives.