The Zhitong Finance App learned that less than half a month until the C+ round of financing of 500 million US dollars, Xiaopeng Motor once again received more than 300 million US dollars in financing. Ali (09988) led the investment in this round of financing, and Qatar Sovereign Fund (QIA) and others also participated in the investment.

As the C+ round of financing continues to be credited, the process of Xiaopeng Motor's IPO in the US is also accelerating. According to information from people familiar with the matter, Xiaopeng Motor has secretly submitted IPO documents to US stocks and plans to go public in the US as early as mid-August. The IPO scale is at least 700 million US dollars.

According to statistics, since its establishment in 2014, Xiaopeng Motor has completed 10 rounds of financing. Investors include Alibaba, IDG Capital, Morningside Capital, and CICC Capital. Previously, in November 2019, Xiaopeng Motor also received 400 million US dollars of C financing. Xiaomi and others were its investors. After this round of financing, Xiaopeng Motor's valuation was close to 4 billion US dollars.

Xiaopeng Motor was founded in 2015. Its startup investors are mainly He Xiaopeng, co-founder of UC Youshi and former president of Alibaba Mobile Business Group. The core management team comes from various automobile companies such as GAC New Energy. After 3 years of R&D and preparation, Xiaopeng Motor launched the first pure electric smart SUV, the Xiaopeng G3, in December 2018, and the second pure electric smart coupe, the Xiaopeng P7, in April 2020.

According to public data, in the first half of 2020, Xiaopeng Motor sold a total of 4,698 vehicles, of which 1123 were sold in a single month in June. In the two months since the Xiaopeng P7 went on sale, the number of vehicles sold in May and June was 166 and 311, respectively.