The 17th Guangzhou International Automotive Exhibition saw some major players in the automobile industry unveil their new products, including XPeng, Tesla, and WM Motors.

Its last round of funding can be traced back to August 2018, when CNY 4 billion was raised.

Affected by multiple factors, the Chinese leading EV startup only sold 231 G3 electric vehicles in August.

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.