Mexican Media Brands
EV Startup Xpeng Motors Raises Another $350 Million
Chinese electric car startup Guangzhou Xiaopeng Motors Technology Co. (Xpeng Motors) has raised 2.2 billion yuan ($350 million) in its Series B funding round, nearly doubling its total funding to 5 billion yuan ($800 million).
#hybrid
Share
Chinese electric car startup Guangzhou Xiaopeng Motors Technology Co. (Xpeng Motors) has raised 2.2 billion yuan ($350 million) in its Series B funding round, nearly doubling its total funding to 5 billion yuan ($800 million).
The 4-year-old company delivered a special-edition 1.0 model to its chairman, He Xiaopeng, in December. Full production of the G3 midsize crossover/SUV, which was unveiled at last month’s CES electronics show in Las Vegas, is due to start by year-end.
The G3 features a large panoramic windshield similar to that of the Tesla Model X, and 25 sensors—including a roof-mounted 360° camera—to enable unspecified autonomous driving features. The interior is highlighted by a 15.6-inch infotainment screen and a 12.3-inch instrument cluster display.
Xpeng says the crossover will generate 190 hp and have a 300-km (186-mile) driving range. Media reports estimate the vehicle will start at $40,000, which would be about one-third the price of a Model X in China.
Production initially will be outsourced to FAW Group subsidiary Haima Automobile. Xpeng plans to quadruple its workforce from 700 people to 3,000 by the end of next year.
RELATED CONTENT
-
Electric Trucks Emerging
Rudolph Diesel—who, incidentally, died mysteriously while traveling by a post office steamer on the English Channel in 1913—must be rolling in his grave.
-
Toyota Updates Fuel Cell Test Truck
Toyota Motor Corp. unveiled an updated version of its Project Portal fuel cell-powered heavy-duty truck with reduced weight and increased driving range.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.