Xiaopeng Motors is an electric vehicle and technology company that designs and manufactures smart cars.
Headquartered in Guangzhou, Xpeng Motors is a leading Chinese electric vehicle and technology company that designs and manufactures automobiles that are seamlessly integrated with advanced Internet, AI and autonomous driving technologies. Xpeng is committed to in-house R&D and intelligent manufacturing to create a better mobility experience for the customers.
With a new electric sedan, Nio seems to take on Tesla that has just started selling its Model Y vehicles from its Shanghai factory. However, Nio itself says their main rivals are BMW’s X3 and Audi’s Q5 sports utility vehicles.
Xpeng Motors, a Chinese electric car manufacturer reportedly raised $400 million ahead of an initial public offering (IPO) in the United States adding onto $500 million that it raised in July.
Xpeng Motors is said to be going to raise over $300 million in new funding, ahead of its U.S. IPO listing.