Guangzhou Xiaopeng Motors Technology Co Ltd, doing business as XPeng Motors, commonly known as XPeng, is a Chinese electric vehicle manufacturer.
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17 Facts About XPeng
2.
XPeng is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, United States and is publicly traded on the New York Stock Exchange.
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4.
XPeng started production of its first model, the XPeng G3 SUV, in November 2018.
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5.
In May 2019, XPeng launched a vehicle for hire company with its own vehicles to serve Guangzhou.
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In November 2019, XPeng raised USD$400 million in a third fundraising round, which saw Xiaomi join as a strategic investor of XPeng.
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7.
In July 2020, XPeng raised $500 million from a group of investors including Aspex, Coatue, Hillhouse Capital and Sequoia Capital China.
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8.
In September 2021, XPeng brought the XPeng P5 to market, the first production car to be equipped with lidar sensors for ADAS.
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9.
XPeng uses a combination of lidar, radar, and a camera for driver aid.
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10.
XPeng's batteries are developed by China's largest battery developer, Contemporary Amperex Technology .
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XPeng has moved away from CTP batteries to LFP batteries, which negates the need for cobalt in a battery, one of the most expensive materials in a battery.
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XPeng offers free lifetime charging similar to what Tesla has offered their customers around the world.
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13.
XPeng has two factories, one in Zhaoqing and the other being built in Guangzhou.
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In late December 2020, XPeng stated it would be delivering the G3 SUV to Norway.
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15.
XPeng has decided that it would be selling its P7 EV sedan to the European market this year.
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XPeng stated it will be tough to break into the European auto market but with policies in Europe further encouraging the purchase of EV cars, XPeng will seek to find those consumers.
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17.
In November 2020, XPeng provided a copy of its source code to a neutral third party to compare to Tesla's to prove nothing was copied.
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