Wang Fengying Finally Receives XPeng Equity After Three Years

[Executive Incentive] Wang Fengying, President of XPeng Motors, has officially become a shareholder after three years of employment, holding 1.65 million Class A ordinary shares, representing approximately 0.1% of the total share capital.

Core Development: From Zero Shares at Great Wall to Secured Equity at XPeng

Wang Fengying was granted equity incentives just two months after joining in 2023, which vested in 2026 following a three-year service period. Prior to this, she spent 31 years at Great Wall Motor, where she long served as President and the company’s “second-in-command,” yet never held a single share of Great Wall stock.

Key Figures: Equity Value Exceeds RMB 86 Million

As of March 31, 2026, her stake was valued at approximately USD 12.6555 million (equivalent to roughly RMB 86.08 million), based on a Class A ordinary share price of USD 7.67 per share.

Strategic Underpinnings: Divergent Talent Philosophies Between Legacy and New-Energy Automakers

XPeng affirms the value of top executives through a “merit-based” approach, while Great Wall’s family-oriented governance culture has historically excluded equity from its executive incentive framework—highlighting a stark contrast between two corporate governance philosophies.