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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 |
A glance at the venture capital investment landscape and trendy subsectors in Shanghai.
From a planned 40,000 units to 16,608 units sold in 2019, Xpeng, having moved beyond its goals, is now fearing the competition.
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.
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