Xpeng Motors successfully issued the largest single green ABS for carbon neutrality, with an issuance scale of 1.3 billion yuan.

Recently, XPeng Motors announced the successful issuance of the “XPeng Financial Leasing 2026 First Phase Green Asset-Backed Special Plan (Carbon Neutrality),” with an issuance scale of 1.3 billion yuan. The funds raised will be used to provide financing solutions for customers purchasing XPeng vehicles.

This project is currently the largest single-scale new energy vehicle leasing ABS, achieving asset securitization without relying on credit enhancement from the issuer.

The original equity holder is XPeng Motors’ subsidiary, Guangzhou XPeng Automotive Financial Leasing Co., Ltd. The issuance received strong investor subscription, with the priority A tranche totaling 1.113 billion yuan at an interest rate as low as 2.27%. No external credit enhancement was set up; the project is backed solely by the credit of XPeng Leasing’s high-quality assets.

Since its establishment, XPeng Motors has always prioritized sustainable development as a core corporate responsibility. The company integrates ESG principles into its strategic planning and implements them throughout the entire value chain—from research and development to manufacturing, supply chain, and customer service—taking concrete actions to promote sustainability. The green rating of this project has been assessed as G1 (highest rating). The underlying asset pool is expected to reduce carbon dioxide emissions by 22,800 tons annually and save 10,800 tons of standard coal, demonstrating significant environmental benefits. The funds from this project will be specifically allocated to green assets such as new energy intelligent vehicles, accelerating the adoption of new energy vehicles and actively supporting the national “dual carbon” strategic goals.