Xpeng cars built by Haima Auto Factory
Chinese electric vehicle start-up Xpeng Motors has raised US$400m from investors for New Product Development (NPD) and is planning to bring to market a number of new models in its pipeline. Among Xpeng’s investors are smartphone maker Xiaomi, Alibaba and Foxconn Technology Group.
The Guangzhou-based car manufacturer launched the G3 battery-powered SUV in early 2018, production of which is outsourced with Haima Auto – a small-scale local vehicle producer. Sales volumes were very limited last year, but reports suggest G3 deliveries to dealers in the first ten months of 2019 exceeded 14,000 units.
Wang Tong has joined Xpeng Motors as Vice President, responsible for enhancing the company’s Beijing and Shanghai operations. He joins from Alibaba’s Culture and Entertainment Business Group, where he was VP responsible for public affairs and information security development. Before Alibaba, he was Senior VP for UC Web, responsible for its human resource management, branding, government affairs and corporate culture development. Wang has 20 years of experience in public affairs, government relations and organisational management.