Xpeng Motors announces completion of Series A+ financing, with Alibaba becoming the fourth largest shareholder

[NetEase Intelligence, December 15] Today, He Xiaopeng, chairman of Xpeng Motors, revealed that Xpeng Motors has completed three rounds of A+ financing, with Alibaba becoming the fourth largest shareholder. The specific amount of financing was not disclosed.

It is understood that before and after the A+ round, Xiaopeng Motors went through three rounds of financing: A0, A1, and A2. The A0 round came from Alibaba Group and He Xiaopeng himself; the A1 round was jointly invested by GGV Capital, Morningside Venture Capital, IDG, Matrix Partners, Shunwei Capital, and Everbright Zhongying Capital; and the A2 round included New Ding Capital, Kinzon Capital, and Lightspeed Venture Partners. In response, Alibaba said that Xiaopeng Motors, as a new energy vehicle startup, can be regarded as part of Alibaba's overall layout in the automotive field. Alibaba will not build cars by itself. According to the latest public industrial and commercial information, Alibaba's strategic investment in Xiaopeng Motors has been completed. In the list of shareholders, Alibaba's investment company has become the fourth largest shareholder with a shareholding ratio of 10.03%. It is reported that Xiaopeng Motors 1.0 mass-produced car is a pure electric SUV equipped with intelligent and Internet functions such as automatic parking, low-speed following, voice interaction and remote control. In early January 2018, Xiaopeng Motors 2.0 will be released at CES in the United States. (Dingxi)

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.