Xpeng Motors also known as XMotors.ai, is a leading Chinese electric vehicle and technology company that designs and manufactures intelligent automobiles.
Xpeng Motors' vehicles are seamlessly integrated with the Internet and utilize the latest advances in artificial intelligence.
Xpeng was co-founded in 2014 by He Xiaopeng, Henry Xia and He Tao. The company is headquartered in Guangzhou, with offices in Mountain View, California.
XPENG Motors is focused on China’s young and tech-savvy consumer base to strives to offer smart mobility solutions with technology innovation and cutting-edge R&D.
Xpeng launched its first production model, the Xpeng G3 SUV, in December 2018, at the 2018 Consumer Electronics Show in Las Vegas, with first delivery to customers the following spring. Its second model, the P7 four-door electric sedan, premiered in April 2019 at the 2019 Auto Shanghai show, with delivery to Chinese customers scheduled for Q2 2020.
XPENG is backed by Alibaba Group, Foxconn Group, IDG Capital, Aspex Management, Coatue Management, Hillhouse Capital, Sequoia Capital China, GGV Capital and others. The company raised $400M in Series C round on Aug 03, 2020. This brings Xpeng's total funding to $2.6B to date. Xpeng was valued at $4B post money, when it had raised a $400M Series C in Nov 2019. Prior to this the company was valued at $3.57B in August 2018.
XPENG went to public and listed in New York Stock Exchange on Aug 27, 2020. The company raised $1.5B through the initial public offering (IPO) and the deal valued the company at over $11B post-IPO.