Zachary Shahan is tryin' to help society help itself one word at a time. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon. Only, Xpeng is so much more than that — it is in fact one of the most promising EV startups in China. Xpeng is already planning to ramp up production. We’ll keep you informed as this develops.

“Qatar’s sovereign wealth fund, the Qatar Investment Authority, is one of the investors in the funding round, the sources said,” CNBC adds.

Xpeng has been sticking around and has done better than almost all others. (And with these specs, why wouldn’t they?) Zach has long-term investments in NIO [NIO], Tesla [TSLA], and Xpeng [XPEV]. (adsbygoogle = window.adsbygoogle || []).push({}); That’s the question I asked Xpeng this morning as it released the news that it secured its import permit for research purposes from the NHTSA. More about Xpeng P7, visit Xpeng … “The final amount raised might be higher than $300 million as a number of investors are still in discussions to put money into Xpeng.”. Tesla update increases range of existing vehicles, Tesla battery test results point to lasting 2M+ miles, Karma sets $80K price for all-electric Revero sedan, High power e-leaf blowers: 80V Greenworks vs. EGO 56V, You’re reading Electrek— experts who break news about, Dr. Xinzhou Wu, vice president of autonomous driving at Xpeng Motors, said, according to an email [, Electric Vehicle Price Guide – best prices for dealers in the US, Subscribe to Electrek on YouTube for exclusive videos. Some have laughed at Xpeng because of how much it clearly copied Tesla. Nicolas is published on various outlets both in print and online, such as Electrek, the Vertical Flight Society, and Aviation International News. Watch for P7s on US roads Those permits are … It has some high-profile backers, like Xiaomi, Alibaba, and Foxconn. Alibaba also invested in Xpeng early on, apparently quite impressed with Xiaopeng’s abilities as an entrepreneur. Xpeng, in my eyes, is one of a few Chinese automakers that could sneak into US and European markets in the coming decade and rise up as legacy automakers struggles to transition.
Not only is it a lot of car for the money, but with a top NEDC range of 706 km (441 mi), thanks to a 81 kWh battery, it is the longest range EV made in China, Teslas included. More. Contact us here. Or maybe not. It’s another step forward for our closed-loop R&D approach to autonomous driving, including developing full-scenario vehicle perception capabilities, positioning, planning, decision-making, testing, and upgrading. Xpeng has secured a National Highway Traffic Safety Administration (NHTSA) permit to test-drive its new P7 EV. P7 Customer deliveries began in late June, with a starting price of RMB 229,900 to 349,900 ($32,462 to $49,404 US) after the new-energy-vehicle subsidies are factored in. However, over the past two and a half years, it insisted that its main focus is on the Chinese domestic market. That lawsuit is slowly moving through the court system.

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It launched its first model, the. Tags: Alibaba, Alibaba Group, China, foxconn, Guangdong, Haima, He Xiaopeng, Tesla, Xiaomi, XPENG, Xpeng G3, Xpeng IPO, Xpeng P7, Xpeng stock, Zhaoqing. The Chinese EV startup was present at last year’s NVIDIA GTC expo in San Francisco. We’ll see. Sign up for our free daily newsletter or weekly newsletter to never miss a story. Indeed, the company hit the market today and is currently trading well above its initial target IPO price … But he does not offer (explicitly or implicitly) investment advice of any sort. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. 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. However, this is exactly what many people have said both startups and legacy automakers should do: try to follow Tesla’s lead and develop EVs like Tesla’s. BEV China Electric SUV Europe G3 Norway Nvidia SEPA USA Xpeng Xpeng P7 Xpeng Motors launched its second production model in China.
Xpeng’s second car is the P7 electric sedan, which went on sale in China at the end of June. Xpeng has apparently already filed to IPO, confidentially, but has not decided yet which US stock exchange to go on (Nasdaq or NYSE). “X-what?!?! This is the only way to maintain our long-term competitive advantage. Regarding the IPO news, CNBC reports that two sources indicate that the company is looking to raise $300 million before going into the IPO. Those permits are important for EV makers to gather real-time data.

amazing specs and features, and while the G3 was contracted to another carmaker, Haima, by Xpeng, the P7 is homemade, in the brand new Zhaoqing factory (Guangdong province). It launched its first model, the Tesla-inspired G3 compact SUV, in late 2018, and now it’s launching its second model, the P7, which can be described simplistically as a Model S kind of car, for Model 3 kind of money. It opened the year with a stock price of $3.72 and is now up to $11.94, with a market cap of $14.14 billion. Published on August 1st, 2020 | The P7 might make it there. Nicolas was born and raised around classic 1920 cars and it wasn’t until he test drove an AC Propulsion eBox and then a Tesla Motors Roadster that the proverbial light bulb went on.

New EV startups like Xpeng just need to stimulate consumer interest and ramp up production in a sensible, efficient way. The  Department of Transportation (DOT) gave Xpeng the go-ahead to test its P7 EV on US roads last week. Xpeng might have benefited from a little more originality. Xpeng Motors official website provides you with P7 price, pictures, specs & configuration, etc. That’s a very challenging balancing act when it comes to finances, the workforce, unions, customers, and investor confidence. “Add that to L3-level autonomous driving and competitive pricing (the base model starts at $32,400) and you have a model with barely believable amazing specs and features, and while the G3 was contracted to another carmaker, Haima, by Xpeng, the P7 is homemade, in the brand new Zhaoqing factory (Guangdong province). It says today that the NHTSA’s testing permit is a continuation of its determination to put most of its resources into R&D. There is at least one grey spot on the company’s launch and rise. The factory is said to have production capacity for a couple of thousand units/month, but sources say that orders far outpace installed capacity. (& Tesla Model 3 Sneaks Into #1), Tesla’s New Structural Battery Pack — It’s Not Cell-to-Pack, It’s Cell-to-Body, New Tesla Model 3 Cars Spotted With Chrome Delete & New Center Console, Tesla's New Structural Battery Pack — It's Not Cell-to-Pack, It's Cell-to-Body, Largest Rooftop Solar System in Europe Goes Online ... on Audi Factory, Police Scotland Buys 180 Hyundai Kona Electrics, 5 of California’s 6 Largest Fires on Record are Burning Now, Iberdrola Developing Its 1st Solar–Wind Hybrid Plant In Australia, 1st All-Electric Vessels In USA Launch In New York — Maid of the Mist, Vestas Introduces Low-Wind Variant Suited For India’s Wind Market, SunPower Creates Two New Leadership Roles To Drive Sustainability & Diversity Initiatives. The factory is said to have production capacity for a couple of thousand units/month, but sources say that orders far outpace installed capacity. Top 5 EV News Week 31 2020 | Successful IPO for CHJ Auto, Kandi finally enters the USA, Mitsubishi pays the cost for failing EV strategy. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao.

NIO is the exception, and it already had an IPO and has been doing alright for itself on the stock market this year. Since then, he has been covering the world of electric mobility for over a decade with a focus on electric aviation. After the G3 e-SUV was released in late 2018, the P7 E-Limousine is now on the market, with prices starting at … All photos by Nicolas Zart for CleanTechnica. It definitely seems like a good time to IPO for other reasons, though.


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