Xiaopeng Motors responded to Du Chao joining as Chief Financial Officer: there are plans for an IPO in the future, but at this stage we are focused on research and development and mass production.

Xiao Peng Huitian announced that Du Chao officially joined Xiao Peng Huitian as the Chief Financial Officer and Vice President. It is reported that Du Chao graduated from the University of Hong Kong. During his ten years at Deutsche Bank, he led dozens of overseas listing financing and cross-border M&A projects. After that, he joined a education technology group as CFO, responsible for the company's finance, strategy, business analysis, investor relations, and legal affairs, leading the company to be listed on the U.S. Nasdaq. Regarding this personnel appointment, Xiao Penghuitian told Sina Technology: there are plans for an IPO in the future, but at the current stage, the focus is on research and development and mass production. Previously, Huitian has not had a CFO, so this talent introduction is normal.