Summary by Moomoo AI
Xiaopeng Motor announced the signing of a framework agreement with Guangdong Huizei. The two sides will cooperate in the development, manufacture, sale and after-sales service of flying cars. The agreement will be signed on January 2, 2024. Guangdong Xiaopeng will provide R&D services, technical consulting services and sales agent services. According to the listing rules, Guangdong Huitian is a contact and associate of Mr. He Xiaopeng, the controlling shareholder of the company, and therefore this transaction is constituted as a continuing joint transaction. Transactions are expected to have a maximum annual cap of more than 0.1% but less than 5%, subject to the declaration, announcement and annual audit rules, but without the approval of independent shareholders. Previously, the Company has signed an...Show More