China’s Tesla Challenger Xpeng Reveals its New P5 Fastback, the World’s First Production EV Equipped with Lidar for Autonomous Driving

Chinese electric vehicles startup XPeng Motors revealed its third production model named the P5, which is the world’s first production EV equipped with automotive-grade LiDAR technology to support the vehicle’s autonomous driving capabilities. The P5 is a fully-electric four door fastback packed with cutting edge technology, including Xpeng’s XPILOT 3.5 autonomous driving system.

Eric Walz2021-05-21 11:30 PT

Xpeng Motors Announces its Next-Gen 5G-Powered Autonomous Driving Architecture

Electric vehicle startup Xpeng Motors is emerging as a strong competitor to Tesla in China with its advanced battery-powered vehicles. In addition to building advanced EVs, the company is focused on autonomous driving and vehicle connectivity. The latest result of that work was announced at Auto Guangzhou 2020, when the company announced its next-generation autonomous driving architecture.

Eric Walz2020-12-27 12:15 PT

EV Startup Xpeng Reports Strong Q3 Sales, its First Quarter as a Publicly Traded Company

Chinese electric vehicle startup Xpeng Motors has reported strong third quarter earnings on rising demand for its tech-laden electric vehicles. The company is poised to become a formidable challenger to Tesla in its home country of China, which is the world’s biggest auto market. Total revenue for Q3 was RMB1,990.1 million (US$293.1 million), representing an increase of 342.5% from the same period in 2019 and an increase of 236.9% from RMB590.8 million for the second quarter of 2020.

Eric Walz2020-12-19 11:45 PT

China’s EV Startup Xpeng Motors Exports its First Vehicles to Norway

Chinese electric vehicle startup and Tesla challenger Xpeng Motors has exported its first batch of vehicles to Europe, expanding its global presence. It's the first time the automaker is selling its electric vehicles outside of its home country.

FutureCar Staff 2020-11-01 10:45 PT

Xpeng Motors Pilots a EV Battery Leasing Option to Make its Electric Vehicles More Affordable

China’s rising electric car company Xpeng Motors will offer an electric vehicle leasing option for its electric vehicle battery packs, following its rival NIO in China. The leasing option will lower the cost of purchasing a new Xpeng vehicle by not charging the customer for the price of the battery up front.

Eric Walz2020-10-11 14:00 PT

Shares of Chinese Electric Vehicle Startup Xpeng Motors Soar 54% After its U.S. IPO

​Chinese electric vehicle startup Xpeng Motors launched its U.S. IPO on Friday, becoming the third Chinese EV startup to turn to the U.S. stock market to raise capital. Thursday Xpeng's shares soared 54%. The shares are trading on the NYSE under the stock symbol "XPEV."

Eric Walz2020-10-03 12:15 PT

China’s Xpeng Motors Increases the Size of its U.S. IPO to $1.5 Billion Due to Strong Demand From Investors

​Chinese electric vehicle startup Xpeng Motors has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, two sources with direct knowledge of the matter told Reuters.

Eric Walz2020-10-02 22:45 PT

XPeng Motors Valued at Over $8.4 Billion Files for U.S. IPO, the Company is Backed by Alibaba and Xiaomi

As existing shareholders continue to increase investments in EVs and related technologies, new participants are optimistic about China's growing electric vehicle market. As a result, electric vehicle startup XPeng Motors has strong financial backing and stamina for future development. The company has cash reserves of 8.2 billion yuan (US$1.19 billion), and is ramping up its investment in R&D.

iAsk2020-10-02 20:30 PT

China’s Xpeng Motors is Aiming to Raise $1.1 Billion in its U.S. IPO

The latest U.S. IPO for an electric automaker is coming from one of China’s rising electric vehicle startups Xpeng Motors. The company announced today that it plans to raise up to $1.11 billion in its upcoming debut on Wall Street.

Eric Walz2020-09-27 15:30 PT

Chinese Electric Automaker Xpeng Motors Files for U.S. IPO in Bid to Challenge Tesla

Electric automaker Xpeng Motors is planning to list its shares on the New York Stock Exchange (NYSE), becoming the latest electric vehicle company to launch an IPO in the U.S. to raise new capital to challenge Tesla. Xpeng is hoping to cash in on the current investor trend of pouring money in new electric vehicle startups.

Eric Walz2020-09-15 10:00 PT

Electric Vehicle Startup Xpeng Motors Announces a US$500 Million Funding Round

​Xpeng Motors, which is emerging as one of China's leading new electric vehicle startups, announced a new financing round equal to around US$500 million. The latest funding round follows a Series C funding round of US$400 million in Nov 2019. With its latest funding round, the electric automaker is poised to become a strong competitor to Tesla in China.

Eric Walz2020-08-26 09:00 PT

Tesla is Facing Growing Competition From Chinese EV Startup Xpeng Motors With its More Affordable P7 Sedan

While Tesla's new Shanghai factory gives the company a foothold in the world’s biggest auto market for the first time, Tesla is facing growing competition from a new crop of electric vehicle startups following in its footsteps and hoping to grab a piece of China’s growing EV market.

Manish Kharinta2020-06-18 19:00 PT

The Xpeng Motors P7 Sedan With NVIDIA’s AI-Powered DRIVE AGX Hardware Goes on Sale in China This Month

Chinese electric vehicle startup Xpeng Motors, announced this week that its latest vehicle the P7 smart electric sports sedan will officially roll out in China on April 27. The P7 is the company’s first EV powered by the NVIDIA DRIVE AGX platform, which features Nvidia’s high-performance, energy-efficient Xavier system-on-a-chip (SoC).

FutureCar Staff 2020-05-24 13:10 PT

Chinese EV Startup Xpeng Motors Granted Permit to Test its New P7 Sedan on Roads in the U.S.

Chinese electric vehicle startup Xpeng Motors announced today that it was granted permission from the National Highway Traffic Safety Administration (NHTSA) to test its new P7 fully-electric sedan on public roads in the U.S.

Eric Walz2020-04-23 10:50 PT

Chinese Electric Vehicle Startup Xpeng Motors Raises $400 Million in Series C Funding

Electric vehicle startup Xpeng Motors today announced the signing of its Series C capital funding of US$400 million. The funding comes from a group of strategic and institutional investors, including corporate and individual investors and private equity firms.

Eric Walz2019-12-19 17:00 PT

Tesla Rival Xpeng Motors Launches a More Advanced Version of its G3 Electric SUV

Chinese electric vehicle startup Xpeng Motors unveiled its new G3 sport utility vehicle today, which offers a longer range and other technology improvements from the previous model. Xpeng is aiming to compete with Tesla and other domestic automakers in China with its more affordable lineup of advanced electric vehicles.

Eric Walz2019-08-16 14:44 PT

XPENG Motors Signs Strategic Partnership with NVIDIA for Level-3 Autonomous Driving

XPENG Motors today announced it has signed a strategic partnership agreement with NVIDIA, a leader in AI computing hardware and its China partner Desay SV to jointly develop Level-3 autonomous driving technology specifically for roads in China.

Eric Walz2018-12-28 12:47 PT

Xpeng Motors Announces Financing of RMB 4 Billion to Take on Tesla

Chinese electric vehicle startup XPENG Motors announces the official signing of its Series B round of RMB 4 billion ($584 million) with Primavera Capital Group, Morningside Venture Capital, as well as He Xiaopeng, Chairman and CEO of XPENG Motors. This is the largest single-round of financing in China's new energy vehicle (NEV) industry in 2018.

Eric Walz2018-09-09 11:29 PT

Xpeng Motors Premieres its EV-G3 at CES 2018 With a New Autonomous Driving Experience

Xpeng Motors debuts its ready-to-sell production car at the International CES 2018 in Las Vegas. It is the first mass production version of the intelligent car released by Chinese carmakers at CES.

Eric Walz2018-02-17 12:15 PT