On February 14, Xiaopeng (Xpeng) Motors invested and established Zhaoqing Xiaopeng New Energy Investment Co., Ltd. The company has a registered capital of 100 million yuan (~US$1.42 million), the legal representative is Xpeng Motors’ co-founder and president Xia Yi. The company’s business scope includes investment in its own funds, energy management services, battery charging services, electric vehicle research and development, etc.
Zhaoqing Xiaopeng New Energy Investment Co., Ltd. is jointly owned by Zhaoqing Xiaopeng Automobile Co., Ltd. and Zhaoqing Kunpeng Automobile Technology Co., Ltd. Zhaoqing Kunpeng Automobile Technology Co., Ltd. was established on January 23, 2020 with a registered capital of 10 million yuan. He Tao, the legal representative, is also the co-founder and vice president of Xpeng Motors.
As of January this year, Xpeng Motors has completed 8 rounds of financing, totaling about 16.8 billion yuan. The investors mainly include Alibaba, Foxconn, and Purple Bull Startups.
As a member of Chinese EV startup, Xpeng Motors currently has two models. Xpeng G3 was officially listed and started delivery in December 2018, the price after subsidy is RMB 143,800 to 198,800. The 2020 Xpeng G3 standard and long-range version can do NEDC range of 401km and 520km, respectively, and it has intelligent functions such as AI, driver assistance, and remote management. In 2019, Xpeng G3 cumulative sales reached 16,609 units.
Xpeng P7 is expected to be officially listed in April 2020, and delivery will be from May or June. According to the official, Xpeng P7 has a battery range of 700km or more, which will exceed 660km of Tesla’s Model S long range version after listing, becoming the EV with longest range in China, the pre-sale price of Xpeng P7 is set to 240,000 to 370,000 yuan in China.