GUANGZHOU, China Electric carmaker Xpeng Motors has got a new round of investment from the government of the southern Chinese province of Guangdong.In September, Xpeng received 4 billion yuan in financing from an arm of the Guangzhou government.
Who is XPEV backed by?
GUANGZHOU, China HT Aero, the flying car company backed by Chinese electric carmaker Xpeng Inc. and its founder, raised more than $500 million from outside investors. The money will be put toward research and development and rolling out a new model that has the ability to operate in the air and on roads.
Is XPeng backed?
BEIJING, Oct 19 (Reuters) – HT Aero, a flying car startup backed by Chinese electric vehicle maker Xpeng Inc (9868.HK), said on Tuesday it has raised over $500 million in its latest funding round.HT Aero said it would use the funding to develop technologies and expand its workforce.
Is NIO backed by Chinese government?
During the worst of the pandemic, Nio got a $1.4 billion investment from the Hefei government, integrating it into the local supply chain. The deal made no economic sense, but it solved the scaling problem. Nio could focus on technology and marketing. The government aid sent Nio stock to the moon.
Does Alibaba own XPeng?
XPeng, headquartered in the southern Chinese city of Guangzhou, is 31% controlled by CEO He Xiaopeng, and 14% owned by Alibaba.
Will XPeng come to the US?
It’s Coming to America, Some Day. Chinese electric vehicle maker XPeng had big news for investors late Thursday.
Is XPeng popular in China?
Xpeng October China Sales Surge, Suggesting More EV Sales Momentum. Xpeng delivers 10,138 electric vehicles in October, up 233% from a year earlier and topping 10,000 EVs handed over to Chinese consumers for a second straight month.
How is Xpeng doing in China?
Several electric-vehicle makers, including Chinese EV startup XPeng (XPEV), accelerated in 2020 as total EV sales in China surpassed 1 million for the year. XPeng stock had a breakout year, rising more than 100% through December after a multibillion-dollar debut on the NYSE in August.
Who are Xpeng investors?
A consortium of investors including Sequoia China, Eastern Bell Capital, GGV Capital, GL Ventures and Yunfeng Capital also participated in the round.
Does Xpeng have a factory?
The company just announced that the XPeng Zhaoqing Smart EV Manufacturing Base, located in Guangdong Province will double the production capacity from 100,000 to 200,000 electric cars annually.
New plants.
| Category | Manufacturing / Production China |
|---|---|
| Make | Xpeng |
Which is a better investment NIO or XPeng?
Thanks to the recent increase of the overall capacity, XPeng has better chances to significantly improve its deliveries in the following months and expand its market share. XPeng has better chances to appreciate in the following quarters, which makes its stock a better investment than NIO.
Why is XPeng going up?
Growth was driven by strong sales of the upgraded version of the Li-One SUV. Li Auto also beat the upper end of its Q2 guidance of 15,500 vehicles, delivering a total of 17,575 vehicles over the quarter.
What is the best Chinese electric car?
Here’s the association’s list of the 15 best-selling new energy vehicles in China for the first three quarters of 2021:
- Aion S (GAC Motor spin-off)
- eQ (Chery)
- Ora Black Cat (Great Wall Motor)
- P7 (Xpeng)
- Song DM (BYD)
- Nezha V (Hozon Auto)
- Clever (SAIC Roewe)
- Qin Plus EV (BYD)
How much did Alibaba invest in XPeng?
Xpeng raised $300 million from Alibaba and some other investors shortly before its IPO. Xpeng produces two premium electric vehicles, the G3 SUV and the four-door P7 sports sedan.
Does XPeng make their own cars?
XPeng started production of its first model, the XPeng G3 SUV, in November 2018.In May 2019, XPeng launched a vehicle for hire company with its own vehicles to serve Guangzhou.
Are XPeng cars good?
Not only is the P7 a good-looking car but it’s also spacious, with a generous specification list and good build quality to boot. Performance, whether it be drive, range or autonomous-driving capability, is also highly competitive compared with better-known electric rivals, many of which are in higher price segments.
How much does an XPeng P7 cost?
The P7 starts at $49,370 there. Since debuting the flagship P7 in China in the middle of 2020, XPeng has delivered over 40,000 units there. Xpeng P7 electric sedan rear view.
How many cars will XPeng sell 2021?
So far in 2021, through the first three quarters, XPeng scored 56,404 vehicle deliveries. That’s a 301% year-over-year increase! I won’t even venture into a forecast for what 300% growth in 2022 would mean. Just looking quarter over quarter, XPeng deliveries grew 48%.
What ev stock does Buffett own?
The US billionaire investor Warren Buffett owned 21.5 per cent of BYD’s Hong Kong-traded stocks as of June 30, with a 7.9 per cent stake in the entire company, according to the battery maker’s first-quarter report. BYD last tapped the equities market in January, raising HK$29.8 billion.
Who is the biggest EV maker in China?
BYD Auto
BYD Auto (HKSE: 1211) (SZSE: 002594)
In the span of a decade, BYD became the largest Chinese battery manufacturer, capturing half the world’s mobile-phone battery market.
Is XPeng overvalued?
XPeng is currently overvalued on a revenue basis, it is currently trading at around 20x predicted revenues. Even if it reaches analysts’ goals by the end of the year, you will still be paying an inflated price for it.
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