Alibaba

Xpeng Motors Ready For IPO In USA

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.

Xpeng P7 Completes Durability Test Good For “10 Round-The-World Trips”

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.

Who Will Benefit In The Robotaxi Revolution?

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’s Pragmatic Leadership In China’s EV Startup Revolution — #CleanTechnica Field Trip, Auto Shanghai 2019

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.