TMTPOST – XPeng Motors has successfully issued its first auto financing leasing "off-balance-sheet" green bond through the Bond Connect program. The issuance, titled "XPeng Financing Leasing 2025 First Green Directed Asset-Backed Notes (Bond Connect)," has a total issuance scale of 895 million yuan. This marks the first auto financing leasing off-balance-sheet green ABN project in China under the USGAAP accounting standards. The project strictly adheres to both U.S. and Hong Kong accounting standards, with no corporate credit enhancement, ensuring the assets remain off the balance sheet. The bond issuance was initiated by Guangzhou XPeng Auto Financing Leasing Co., Ltd., a subsidiary of XPeng Motors. Notably, the project was structured without external credit enhancement, relying solely on the high-quality credit of XPeng Leasing’s assets. This approach has garnered strong interest from investors, reflecting confidence in the company's financial standing and sustainable business model. The successful issuance of this green bond underscores XPeng Motors' commitment to innovative financing solutions and environmental sustainability in the electric vehicle sector. The funds raised are expected to support the company’s green initiatives and further its expansion in the EV market.