Xpeng Motors

With futuristic cockpits and automated driving becoming reality, will manual driving become a thing of the past?

The electric vehicle startup’s listing in Hong Kong follows its USD 1.5 billion New York IPO in August 2020.

EV deliveries increased nearly 500% compared to the same quarter in 2020.

The 51-year-old founder and CEO is putting his reputation on the line for Xiaomi’s new EV venture.

Firms like Nio, Li Auto, and Xpeng have since made significant progress to challenge Tesla.

Xpeng Motors’ doesn’t expect the global chip shortage to disrupt its production, providing an opportunity to close the gap on its rivals.

Xiaomi founder Lei Jun would lead the new EV team. He has backed both Nio and Xpeng through his venture capital firm Shunwei Capital.

The Hongguang Mini EV is the cheapest electric car in China.