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XPENG Motors' first production car named G3 is an electric vehicle with intelligent ADAS functions such as automatic parking, etc.
| Announcement Date | Funding Round | Funding Raised | Lead Investor(s) |
|---|---|---|---|
| Aug. 2, 2018 | Series B | 575.00M | Morningside Venture Capital, Primavera Capital Group |
| Feb. 6, 2018 | Series B | 43.00M | HON HAI PRECISION |
| Jan. 19, 2018 | Series B | 320.00M | Alibaba Group, Foxconn Technology Group, IDG Capital, etc. |
| Dec. 13, 2017 | Series A | 15.00M | Alibaba Group, GGV Capital, Matrix Partners China, etc. |
| Jun. 12, 2017 | Series A | 320.00M | UCAR |
| Mar. 28, 2016 | pre-A | 42.00M | N/A |
| Apr. 27, 2015 | Angel Round | 7.00M | Weilight Capital, Ziniu Startup Capital |
Xpeng Motors recently announced an upgrade version of its G3 EV model, along with the anger of existing users.
The price range of new G3 is CNY 143,800-196,800 and new models equipped with the new XPILOT automated driving assistant system.
With Wu Xinzhou’s rich experience in vehicular research and Benny Katibian’s efforts in Advanced Driver Assistance Systems (ADAS), Xpeng shows us its ambitions on autonomous driving.
Xpeng plans to deliver 10,000 G3 by the end of July 2019 and sells 40,000 units by the end of December 2019.
Li Bin, NIO's founder, said that the long-term investment value of NIO is not fully understood by the market.
The move marks the beginning of the L2-class era of smart driving for Xpeng G3.
Xpeng Motors has sold 7,359 G3 in total in 2019, ranks first among China's new car manufacturers.
Tesla recently announced the price of its China-made Model 3. With a top asking price of USD 47,000, the model is much more expensive than in the United States, where it sells for USD 35,000.
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