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XPeng Motors has recently celebrated the successful issuance of "XPeng Finance Lease 2025 Phase I Green Private Asset-Backed Notes (Bond Connect)" worth RMB 895 million. This groundbreaking initiative marks the first green "off-balance sheet" asset-backed notes (ABN) program in China specifically tailored for auto finance leases, adhering to the accounting standards of the United States and Hong Kong (US GAAP). Notably, the project achieved off-balance sheet asset treatment without any form of corporate credit enhancement. Led by Guangzhou XPeng Finance Lease Co., Ltd., a subsidiary of XPeng Motors, the program leveraged the high-quality asset credit of XPeng Finance Lease, attracting active subscriptions from investors without the need for external credit enhancement.
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