Thursday, August 27, 2020 5:08:52 PM
Xpeng Motors – or Xiaopeng Motors – ($XPEV) is a Chinese car manufacturer founded in 2014 that is committed to the development and production of electric cars. What has given the company a lot of attention is the cooperation with Chinese business-2-business giant Alibaba. In a new round of funding in 2018, Alibaba’s Vice President Joseph Tsai joined Xpeng’s corporate board. Since 2018, the company has two production models in the form of a sedan and an SUV, where in 2020 it is doing research for new models.
After the realization of multiple experience & sales centers and delivery & service centers, Xpeng has also established itself in Mountain View, California. Here is the subsidiary XMotors.ai where it received a license to test self-driving cars by the California Department of Motor Vehicles in 2018. The license was revoked in February 2020 because Xpeng had not submitted a withdrawal report. In the meantime, in May 2019, Xpeng launched a car rental company that serves Guangzhou with its own vehicles.
Despite this withdrawal, the company collected two major contributions from investors for nearly $1 billion dollars. In July 2020, Xpeng raised $500 million dollars from Aspex, Coatue, Hillhouse Capital and Sequoia Capital China. Most recently, in August 2020, it received an additional $400 million dollars from the multinational companies Alibaba, Qatar Investment Authority and Mubadala of Abu Dhabi. As a result, Xpeng filed an IPO on the New York Stock Exchange this month following Li Auto.
Canadian company Blackberry – once a smartphone giant before the dominance of Apple and Samsung – has detected the development of Xpeng. As a result, both companies have announced that a collaboration is in the air. Blackberry is busy transitioning to deliver software for connected devices in the car of tomorrow. To do so, it has brought a large part of its activity to China. In August 2020, BlackBerry announced that it will power Xpeng’s Level 3 domain controller. The operating system is called QNX and has to compete with Android and Linux for the services to Chinese electric car manufacturers. The kernel of Xpeng’s domain controller is Nvidia’s Xavier cockpit chip for automated cars, making the majority of the software and hardware based on foreign innovative technology.
Recent XPEV News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/23/2024 10:28:05 AM
- XPENG to Unveil the Future of AI Mobility in Europe at Paris Motor Show 2024 • GlobeNewswire Inc. • 09/19/2024 08:03:37 AM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 09/13/2024 01:03:05 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/04/2024 08:30:39 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/03/2024 10:07:56 AM
- XPENG Announces Vehicle Delivery Results for August 2024 • GlobeNewswire Inc. • 09/01/2024 09:00:51 AM
- XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala • GlobeNewswire Inc. • 08/28/2024 01:05:24 PM
- High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs • IH Market News • 08/28/2024 09:50:36 AM
- Apple Names New CFO, Sony Hikes PS5 Price in Japan, Santander Launches Share Buyback • IH Market News • 08/27/2024 09:35:22 AM
- IBM Closes China Research Division, Uber Fined $324M, Starliner to Return Without Astronauts • IH Market News • 08/26/2024 12:58:21 PM
- XPENG to Launch MONA M03 at 10th Anniversary Gala Night on August 27, 2024 • GlobeNewswire Inc. • 08/20/2024 01:33:37 PM
- U.S. Index Futures Hold Steady, Oil Prices Drop • IH Market News • 08/20/2024 09:58:42 AM
- XPENG Reports Second Quarter 2024 Unaudited Financial Results • GlobeNewswire Inc. • 08/20/2024 09:30:00 AM
- XPENG Rolls Out XOS 5.2 OTA, Enhancing Global User Experience • GlobeNewswire Inc. • 08/19/2024 04:46:37 PM
- Google Faces Antitrust Ruling; SunPower Files for Bankruptcy and Business Sale – Latest Business News • IH Market News • 08/06/2024 09:44:42 AM
- XPENG to Report Second Quarter 2024 Financial Results on Tuesday, August 20, 2024 • GlobeNewswire Inc. • 08/01/2024 09:25:40 AM
- XPENG Announces Vehicle Delivery Results for July 2024 • GlobeNewswire Inc. • 08/01/2024 09:19:46 AM
- XPENG announces first global Tianji XOS 5.2 OTA upgrade and nationwide rollout of state-of-the-art unlimited XNGP • GlobeNewswire Inc. • 07/31/2024 01:35:55 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/22/2024 10:07:26 AM
- Berkshire Sells BofA Holdings, Ryanair Shares Drop 12%, Delta Still Struggling After IT Disruption • IH Market News • 07/22/2024 09:44:17 AM
- Master Agreement on E/E Architecture Technical Collaboration With Volkswagen Group • GlobeNewswire Inc. • 07/22/2024 12:30:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/12/2024 08:01:50 PM
- XPENG Announces Vehicle Delivery Results for June and First Half 2024 • GlobeNewswire Inc. • 07/01/2024 09:00:26 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/17/2024 09:16:58 PM
- XPENG Announces Vehicle Delivery Results for May 2024 • GlobeNewswire Inc. • 06/01/2024 09:00:27 AM
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