The company is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, United States and Munich, Germany.
[3][4] XPeng's subsidiary in the United States, XMotors.ai held a permit for testing self-driving cars from the California Department of Motor Vehicles starting in September 2018.
[8][9] Its second model, the P7, a four-door electric sedan, premiered in April 2019 at the 2019 Auto Shanghai show[10] and started deliveries to customers in June 2020.
[16] In August 2020, XPeng raised an additional US$400 million from a group of investors including Alibaba, Qatar Investment Authority and Abu Dhabi's sovereign wealth fund Mubadala.
On 27 August 2020, XPeng raised US$1.5 billion with an IPO on the New 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.
[23] In October 2021, XPeng's subsidiary HT Aero announced $500 million in funding and the design for a flying car with a planned launch in 2024.
[28][29] In August 2023, it was announced XPeng had agreed to acquire the autonomous driving technology unit of the Beijing-headquartered vehicle for hire company, DiDi, in exchange for $744 million worth of shares.
[30] In February 2024, XPeng and Volkswagen Group signed a technology cooperation and joint development agreement on platform and software.
[31][32][33] In April 2024, XPeng and Volkswagen Group signed an electronic and electrical architecture technology strategic cooperation framework agreement.
[36] Lidar has come down in price significantly over the last few years with drone companies such as DJI announcing the integration in their aerial surveying technology.
The new versions with lithium iron phosphate cells will be available for the rear-wheel-drive P7 sports sedan first, effectively driving down the 700 km long-range to 480 kilometres.
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 upcoming P7+ model.
"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.
As a dual-primary listing, XPeng will be eligible for Stock Connect, an investment channel facilitating trade between Hong Kong and mainland China.
[56] 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 manufacturer Tesla.
[59] AeroHT was originally a startup founded in Dongguan, Guangdong, in 2013, dedicated to the research, development, and manufacture of flying cars.
[61] In July 2018, the United States Department of Justice charged an ex-Apple employee for stealing the trade secrets of Apple's autonomous car project in an attempt to get a job at XPeng.
[66][67] In August 2022, the former Apple engineer, Xiaolang Zhang, pleaded guilty to trade secret theft in federal court.