Xpeng Signs Strategic Cooperation Agreement With Agricultural Bank Of China, Securing Rmb7.5 Billion Credit Facilities
Amount Raised
¥7.5 Billion
Round Type
Debt Financing
GuangzhouManufacturingSoftwareTransportationDescription
XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle company, today announced that it has signed a strategic cooperation agreement with the Agricultural Bank of China (“ABC”) Guangdong Branch, pursuant to which the Company will secure a comprehensive credit line of up to RMB7.5 billion for its subsidiaries and affiliates in China (the “Agreement”).
Quick answer
Xpeng raised ¥7.5 Billion in a Debt Financing round, dated April 27, 2022. Xpeng is based in Guangzhou, Guangdong, China.
- How much did Xpeng raise?
- Xpeng raised ¥7.5 Billion in a Debt Financing round on April 27, 2022.
- What does Xpeng do?
- XPeng is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China.
- Where is Xpeng based and how big is it?
- Xpeng is based in Guangzhou, Guangdong, China. Fundz records about 19,884 employees.
- Who are the decision-makers at Xpeng?
- Fundz holds 3 contacts at Xpeng, including the Head of HR. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Manufacturing around the same time
Companies in the same sectors as Xpeng that raised within 45 days of this round, from Fundz verified event records.
- Hadrian raised $37M on April 15, 2022.
- RealWear raised an undisclosed amount (Series C) on June 9, 2022.
- Vehlo raised an undisclosed amount on June 6, 2022.
- Infleqtion raised $131M on June 6, 2022.
- RealWear raised $24M (Funding Round) on June 1, 2022.
- Pipedream raised $20M (Funding Round) on May 17, 2022.
Who to call at Xpeng, and when
A new round usually means Xpeng is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Xpeng raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Xpeng, from your own LinkedIn network
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Related People
Xpeng raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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