XPeng Flying Car Caught Testing in China!
When XPeng filed patents on a flying car and promised a 2024 launch date, it seemed like a joke. But now … ?
When XPeng filed patents on a flying car and promised a 2024 launch date, it seemed like a joke. But now … ?
Xpeng Motors, a popular electric vehicle startup in China that has unabashedly followed Tesla’s lead, that used patents that Tesla opened up for anyone to use, and that designed and developed cars that clearly resemble Teslas (yet do have their own design language) is readying for an IPO in the United States.
Welcome to the next issue of China x Cleantech.
Tesla has opened an online store on Alibaba’s online marketplace. On Thursday, Tesla’s Tmall store went online and it plans to start sales of Tesla car parts and related merch on April 21. Tmall is Alibaba’s B2C (Business to Customer) platform, a spinoff from Taobao, to sell brand-name goods. This is also Tesla’s first third-party store in China.
While the Xpeng G3 electric vehicle (EV) continues its stellar sales climb, the stunning P7 EV has finished a round of tests equal to traveling 10 times around the globe. The company also secured a charging network and ecosystem partnership with TELD, China’s largest charging infrastructure. Additionally, the P7 is the first Smart Car with its own Alibaba In-Car Mini app, and pioneers an IFAA-standard Virtual Car Key. Not bad for a three-year young startup working on a Chinese schedule.
As self-driving cars move closer and closer to reality, one particular market stands to benefit — autonomous taxis (aka robotaxis). Tasha Keeny from Ark Invest recently evaluated the players who’d likely benefit from this massive market opportunity. Keeney writes, “Autonomous vehicles will transform personal mobility … reap[ing] the benefits of a new market which promises to ramp from essentially $0 now to $10 trillion in global gross annual revenues by 2030.”
Xpeng Motors is moving a step forward after announcing a stellar 2019 start by launching a pilot ride-hailing service, Pengster. Will it beef up competition or simply move mobility a nudge up? We’ll know eventually. In the meantime, Xpeng Motors is about to roll out ride hailing in the world’s biggest mobility market.
Xpeng invited us to come to the Auto Shanghai show to see how well its electric G3 was doing in China. I previously visited its San Jose USA headquarters, where part of its autonomous driving research department develops the G3 and now P7 experience. That’s where I met Xpeng’s founder and owner, Mr. He Xiapeng. I was surprised to discover the company’s wise strategy and took it as a sign of changing times for mobility startups.
Chinese auto manufacturers are pushing quickly to develop autonomous driving technology. Several have obtained licenses to test their systems in China, with BMW being the first foreign company to obtain such a license.
In yet another example of the way that the electric vehicle market in China seems to be exploding in a way that others aren’t, Alibaba and Foxconn have led the recent, 2.2 billion yuan (~$347 million) funding round for the startup manufacturer Xiaopeng Motors.