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XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement

PUBLIC · XPEVMar 15, 2021

Round Type

Venture

GuangzhouManufacturingSoftwareTransportation

Description

XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced that its subsidiary in China has reached a strategic cooperation agreement with Guangdong Yuecai Investment Holdings Co., Ltd. (“Yuecai”), the investment arm of the Guangdong provincial government. Pursuant to the agreement, Yuecai will invest a total of RMB500 million, through the Guangdong Industrial Development Fund, in XPeng’s subsidiary in China to further accelerate the Company’s business expansion.

Quick answer

Xpeng raised an undisclosed amount in a funding round, dated March 15, 2021. Xpeng is based in Guangzhou, Guangdong, China.

How much did Xpeng raise?
Xpeng raised an undisclosed amount in a funding round on March 15, 2021.
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.

  • Crusoe raised $128M on April 26, 2021.
  • MED-X raised $225K on April 23, 2021.
  • Infleqtion raised $2.2M (Seed) on April 19, 2021.
  • Custom Truck One Source raised $883M on April 15, 2021.
  • Groq AI raised an undisclosed amount (Funding Round) on April 14, 2021.
  • SambaNova raised $676M (Series D) on April 13, 2021.

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.

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Company Information

Company

Xpeng

Location

Guangzhou, Guangdong, China

About

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. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plant in Zhaoqing, Guangdong province. For more information, please visit https://heyxpeng.com.

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Related People

3 contacts
Verified contactsCindy C., Head of HR hidden hidden hiddenSee plans and pricing
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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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.