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 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.
Xpeng's second model, the P7 four-door electric sedan. XPeng P7 electric sports sedan became the first to receive the 5-star rating from the i-VISTA (Intelligent Vehicle Integrated Systems Test Area) intelligent vehicle testing platform in China.
XPeng's adaptive cruise control function has been utilized for a cumulative total of 61.4 million kilometers, with its lane centering control function utilized for 30.2 million kilometers. Xpeng has delivered 19,376 G3 SUVs as of June.
XPENG is backed by Alibaba Group, Foxconn Group, IDG Capital, Aspex, Coatue, Hillhouse, Sequoia China, GGV Capital and others. The company raised $500M in Series C+ round on Jul 14, 2021. This brings XPENG's total funding to $5.1B to date. The company didn't disclose its current valuation but was last valued at $11B from the IPO in Aug 2020.