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| Company type | Public | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NYSE: XPEV SEHK: 9868 | |||||||||||
| Industry | Automotive Aerospace | ||||||||||
| Founded | August 15, 2014; 11 years ago (2014-08-15) | ||||||||||
| Founder |
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| Headquarters | Guangzhou,Guangdong, China | ||||||||||
Key people |
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Production output |  190,068 vehicles (2024)[2] | ||||||||||
| Revenue | CN¥40.87 billion (2024)[2] | ||||||||||
| −CN¥6.66 billion (2024)[2] | |||||||||||
| −CN¥5.79 billion (2024)[2] | |||||||||||
| Total assets |  CN¥82,71 billion (2024)[2] | ||||||||||
| Total equity | CN¥31.27 billion (2024)[2] | ||||||||||
| Owner |
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Number of employees | 15,364 (As of 31 December 2024)[2] | ||||||||||
| Subsidiaries | AeroHT | ||||||||||
| Chinese name | |||||||||||
| Simplified Chinese | 广州小鹏汽车科技有限公司 | ||||||||||
| Traditional Chinese | 廣州小鵬汽車科技有限公司 | ||||||||||
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| Website | xpeng.com | ||||||||||
Guangzhou Xiaopeng Motors Technology Co., Ltd.,trading asXPeng Motors (Chinese:小鹏汽车;pinyin:Xiǎopéng Qìchē), commonly known asXPeng, is a Chineseelectric vehicle manufacturer. The company is headquartered inGuangzhou,Guangdong, with offices inMountain View, California, United States andMunich, Germany. XPeng stock is publicly traded on theNew York Stock Exchange and theHong Kong Stock Exchange.
XPeng was co-founded in August 2014 byXia Heng (Henry Xia) and He Tao, former senior executives atGAC Group with expertise in automotive technology andresearch and development. Initial backers included: the founder ofUCWeb and formerAlibaba executiveHe Xiaopeng, namesake and current Chairman of XPeng, andLei Jun, the founder ofXiaomi. Prominent Chinese and international investors included Alibaba,Foxconn andIDG Capital. A further funding round in 2018 saw Alibaba's vice presidentJoseph Tsai join the corporate board of XPeng.[3][4]
XPeng's subsidiary in theUnited States, XMotors.ai held a permit for testing self-driving cars from theCalifornia Department of Motor Vehicles starting in September 2018.[5] The permit was revoked in February 2020 due to XPeng's failure to submit a disengagement report.[6] XPeng Motors then received a renewed Autonomous Vehicles Testing Permit from the California Department of Motor Vehicles in March 2020.
XPeng started production of its first model, theXPeng G3 SUV, in November 2018.[7] It launched the G3 in December 2018 at the 2018Consumer Electronics Show inLas Vegas.[8][9]
Its second model, theP7, a four-door electric sedan, premiered in April 2019 at the 2019Auto Shanghai show[10] and started deliveries to customers in June 2020.[11][12]
In May 2019, XPeng launched avehicle for hire company with its own vehicles to serve Guangzhou.[13]
In November 2019, XPeng raised US$400 million in a third fundraising round, which saw Xiaomi join as a strategic investor of XPeng.[14][15] In July 2020, XPeng raised US$500 million from a group of investors including Aspex, Coatue,Hillhouse Capital andSequoia Capital China.[16] In August 2020, XPeng raised an additional US$400 million from a group of investors including Alibaba,Qatar Investment Authority andAbu Dhabi's sovereign wealth fundMubadala. On 27 August 2020, XPeng raised US$1.5 billion with anIPO on theNew York Stock Exchange, where its shares climbed more than 40% on the first day of trading.[17] In March 2021, the company received a US$76.9 million funding from Guangdong Yuecai Investment Holdings Co.[18] As of May 2021, 23% of XPeng shares are owned by He Xiaopeng, and 12% by Alibaba Group.[19]
In the third quarter of 2021, revenue for XPeng rose over 500% compared to the year before. It had also increased its R&D team by about a third since the year before.[20]
In 2021, for the first time, XPeng started exporting its flagship P7 sedan. Its first international market wasNorway, starting in August.[21] In August 2021, the company'sP5 subcompact sedan became able to read traffic lights.[22] In September 2021, XPeng brought its P5 to market. It is the first production car to be equipped withlidar sensors foradvanced driver-assistance systems (ADAS).[23]
In October 2021, XPeng's subsidiaryHT Aero announced $500 million in funding and the design for aflying car with a planned launch in 2024.[24][25]
In April 2023, XPeng unveiled the XPeng G6 at the 2023 Shanghai Auto Show.[26]
On 21 June 2023, XPeng announced a partnership with ACCESS Europe in the field of in-car infotainment systems.[27]
In August 2023, it was announced XPeng had agreed to acquire the autonomous driving technology unit of theBeijing-headquarteredvehicle for hire company,DiDi, in exchange for $744 million worth of shares.[28]
In March 2025, He Xiaopeng, chairman of Xpeng Motors, announced that the first mass production of the split flying carland aircraft carrier is expected to be achieved in 2026.[29]
On 26 July 2023, theVolkswagen Group announced its investment of $700 million in XPeng for purchasing 4.99% stake of the company. The VW Group will collaborate with XPeng to develop two VW brand electric models for the mid-size segment in the Chinese market in 2026.[30][31]
In February 2024, XPeng andVolkswagen Group signed a technology cooperation and joint development agreement on platform and software. Through joint procurement and the joint development of the vehicle design and engineering, the product development cycle will be shortened by more than 30%. Volkswagen (China) Technology Co., Ltd. (VCTC) in Hefei is responsible for this cooperation.[32][33][34]
In April 2024, XPeng and Volkswagen Group signed an electronic and electrical architecture ("E/E Architecture") technology strategic cooperation framework agreement. XPeng and Volkswagen Group will jointly develop a new architecture based on XPeng's latest electronic and electrical architecture, which will be applied to the CMP platform developed by Volkswagen for the Chinese market, and mass production will begin in 2026.[35]
In January 2025, Xpeng reached strategic cooperation agreements with Volkswagen China and BP Pulse, and both parties will open their own charging networks in mainland China to each other;[36] Xpeng also plans to build a joint-branded ultra-fast charging station with Volkswagen.[37]
In August 2025, XPeng released its first-half financial report, revealing that the company generated 1.72 billion RMB profit in technology licensing fees from Volkswagen.[38]
In August 2025, XPeng and Volkswagen Group signed an Agreement on Expanding E/E Architecture Technical Collaboration ("Expanded Technical Collaboration"). The signing of this agreement marks that the E/E Architecture will be not only integrated into Volkswagen's electric vehicle platforms, but also deployed across its ICE and PHEV platforms in China, thereby significantly expanding the strategic technical collaboration to broader markets.[39]
XPeng uses a combination oflidar,radar, and acamera for driver aid. The lidar system uses laser light to recreate a 3D space by measuring the distance between itself and objects by measuring the time it takes for the laser light to bounce back.[40] Xinzhou Wu stated "Lidar will provide the 3D drivable space and precise depth estimation to small moving obstacles even like kids and pets, and obviously, other pedestrians and the motorbikes which are a nightmare for anybody who's working on driving",[41] The radar will provide the vehicles with the ability to detect the speed and location of an object. The camera will provide the vehicle with basic semantic information as stated by Xinzhou Wu. XPeng introduced their first vehicle equipped with LiDAR in 2021 with theP5.[41] In late 2024, XPeng released their first vehicle equipped with XPILOT that uses a new 'vision-only' sensor suite lacking a LiDAR sensor with theP7+, which instead relies on 4D mmWave radars which can measurealtitude and LOFIC camera sensors which can better handle glare. In 2025, models previously equipped with LiDARs were refreshed with the new system and had their LiDAR systems removed.
Initially, XPeng's batteries were developed by China's largest battery manufacturer,Contemporary Amperex Technology (CATL).[42]
XPeng has moved to offeringLFP batteries options in addition to the originalNMC battery options, which do not use expensive cobalt.[43] In early 2021, "Xpeng announces they were launching new versions of the P7 sedan and G3 SUV with LFP batteries. The new versions with lithium iron phosphate cells will be available for the rear-wheel-drive P7 sports sedan first."[43][44]
In 2025, XPeng updated most of their vehicles to have battery options capable of 5C charge rates, which are capable of charging from 10–80% in approximately 12 minutes.
XPeng offers free lifetime charging similar to what Tesla has offered their customers around the world.[45] XPeng's charging network has expanded to over 1,000charging stations within China, and customers have access to another 200,000 third party stations positioned in major cities.[46] XPeng intends to construct more than 50 S4 sites in large cities by the end of 2022, with an additional 20 sites each in Beijing, Shanghai, and Guangzhou, with Shenzhen following in 2023. By 2025, Xpeng hopes to have 2,000 super-fast charging stations.[47]
On 8 November 2024, XPeng unveiled its first humanoid robot, Iron at its 2024 AI Day event. This marks a major leap for the company into robotics, with expansive technologies beyond car manufacturing and staying competitive in the EV global market. With a height of 5'8'' and weight of 154 pounds (70 kilograms), Iron has more than 60 joints with 200 degrees of freedom to maneuver and is currently in XPeng's production lines, helping in the assembly of the upcomingP7+ model. The robots have also been integrated into the company's internal operations, such as in factories and stores applications.[48]
XPeng first began recruiting a chip team in late 2020, with recruitment efforts accelerating in April 2021. The company initially contractedMarvell to handlebackend design andSoC integration in 2020, but the deal was cancelled in 2022 as XPeng felt Marvell's lack of experience in the segment and average investment would lead to project delays.[49][50] In 2022, XPeng contractedSocionext to handle SoC integration efforts.[51] XPeng announced that the chip had a successfultape-out in August 2024.[52]
In June 2025, XPeng launched their first self-developed computer chip called Turing in theG7. It is aimed at powering high-end AI models for autonomous drivingADAS functions, but is also used to power in-cabin AI assistants in some models. Each chip has a 40-core processor, twoNPUs, and 64 GB of LPDDR5x-8533 RAM on a 256-bit bus for 273 GB/s of bandwidth. It also has twoISPs, dedicated to AI perception and image synthesis respectively. This allows for a single chip to output 750 TOPS of sparse compute, and XPeng says that it can run AI models with up to 30 billion parameters, while the custom design allows for 20% higher utilization compared to using previous off-the-shelf solutions.[53][54]
XPeng is open to supplying Turing AI chips to other automakers, including an agreement to integrate the chips into some Chinese-market Volkswagen models launching in 2026.[55]
Xpeng manufactures most of its cars in a wholly owned factory inZhaoqing.[56][57] As of 2025, other production plants are under construction inWuhan[58] andGuangzhou.[59][60] Cars for the European market are manufactured inGraz,Austria, in partnership withMagna Steyr.[61][62]
In late December 2020, XPeng stated it would be delivering theG3 SUV to Norway. "Our launch in Europe comes just as consumers are shifting in increasingly large numbers to more sustainable personal transport, and at a tipping point where governments around the world are stepping up their zero-emission efforts", said He. XPeng has also decided that it would be selling its P7 EV sedan to the European market this year.[63]
As of 2021, XPeng has sold 211 G3 SUVs in Norway.[63] 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. Without infrastructure to build XPeng vehicles, it will also add to the challenge of breaking into the European auto market.[63]
At IAA Mobility 2023 in Munich, XPeng announced its expansion to the German and market starting 2024 and plans to enter further European markets later.[64]
In 2025, at theMilan Design Week, sales of theG6 andG9 models in Italy were announced.[65]
On 7 July 2021, XPeng debuted on theHong Kong Stock Exchange. The choice to bring the company to the exchange before a second listing could result in the company taking a better position in the city's share indexes. As adual-primary listing, XPeng will be eligible forStock Connect, an investment channel facilitating trade between Hong Kong and mainland China. With its listing in Hong Kong, XPeng became the first US-listed Chinese firm with dual primary listing. The move will as well provide some security for the company in the event of being kicked off the US market.[66][67][68]
XPeng launched the G6 in Singapore in July 2024,[69] and opened its first showroom in November.[70] According to XPeng, the G6 was one of the three best-selling fully-electric SUV models in the city-state, and had approximately the same monthly sales figures as rival manufacturerTesla.[71]
XPeng launched the G6 in Malaysia on 27 August 2024.[72]
XPeng opened its first dealership in Malaysia at Glenmarie, Kuala Lumpur, Malaysia on 27 August 2024. New Xpeng dealerships will be opened in Penang, Johor, Melaka and Negeri Sembilan by October 2024.[73]
XPeng had its brand launch in Indonesia in January 2025. The brand is distributed by local electronics distributor Erajaya Group.[74] In July 2025, XPeng started its firstknock-down assembly operations in Indonesia, at a facility owned by Handal Indonesia Motor inPurwakarta, West Java. The first model assembled in the country is the XPeng X9.[75]
| Image | Name | Introduced | Generation | Notes |
|---|---|---|---|---|
| Sedan | ||||
 | Mona M03 | 2024 | First | Compact sedan, BEV |
_IAA_2025_DSC_1692.jpg) | P7 | 2020 | Second | Mid-size sedan, BEV |
 | P7+ | 2024 | First | Full size sedan, BEV/EREV |
| SUV | ||||
_IAA_2025_DSC_1710_(cropped).jpg) | G6 | 2023 | First | Mid-size SUV, BEV/EREV |
 | G7 | 2025 | First | Mid-size coupe SUV, BEV/EREV |
.jpg) | G9 | 2021 | First | Mid-size SUV, BEV/EREV |
| MPV | ||||
 | X9 | 2023 | First | Full-size MPV, BEV/EREV |
| Image | Name | Production Period | Generation | Notes |
|---|---|---|---|---|
| Sedan | ||||
 | P5 | 2021–2024 | First | Compact sedan, BEV |
| SUV | ||||
.jpg) | G3 | 2018–2023 | First | Compact SUV, BEV |
AeroHT was originally a startup founded inDongguan,Guangdong, in 2013, dedicated to the research, development, and manufacture of flying cars. In 2020, XPeng invested in the company and renamed it toXPeng AeroHT.[76] The company has released the XPeng Voyager X1 and XPeng Voyager X2 electric vertical take-off and landing (eVTOL) aircraft. In 2024, it released an eVTOL vehicle carrier named "LandCarrier", arange-extended electric6x6 eVTOL carrier van.[77]
| Year | Sales |
|---|---|
| 2018 | 482 |
| 2019 | 16,608 |
| 2020 | 27,041 |
| 2021 | 98,155 |
| 2022 | 120,757 |
| 2023 | 141,601 |
| 2024 | 190,068 |
In July 2018, theUnited States Department of Justice charged an ex-Apple employee forstealing the trade secrets of Apple's autonomous car project in an attempt to get a job at XPeng.[82][83] In August 2022, the former Apple engineer, Xiaolang Zhang, pleaded guilty to trade secret theft in federal court.[84]
In March 2019, Tesla sued Cao Guangzhi, a former Tesla employee, accusing him of stealingits Autopilot source code and bringing them to XPeng. Cao rejected the accusation of IP theft, but later said he had uploaded Tesla's source code to hisiCloud prior to leaving Tesla. In response to Tesla's accusations, XPeng launched an internal investigation.[85] 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. Neither XPeng or any subsidiaries were parties to Tesla's original lawsuit.[86] A court-appointed neutral third party concluded XPeng's code did not use Tesla's IP after comparing source code as provided by the companies.[87] Tesla and Cao moved to settle soon after this was established.[87]
In December 2021, XPeng was fined for the illegal collection of the facial data of 430,000 visitors of its stores.[88] The fine was 100,000 yuan ($15,716).
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