Xpeng Auto Sales Data & Trends for the Chinese Automotive Market
XPeng Motors (formerly known as Xiaopeng Motors) was established in 2014 as an R&D company and the brand started sales of its first electric car in 2018. Production has been outsourced to Haima Auto, a small domestic automaker, which saves the massive investment in production capacity.
The brand’s mission statement says it is “focused on local needs and the consumer experience, while also integrating autonomous driving and internet electronic technologies, our vehicles are greater than the sum of their parts. XPENG is not only dedicated to serving every family with technology, but also to becoming a companion that truly understands you.” In late 2017, Chinese e-commerce giant Alibaba Group Holding and Foxconn Technology Group invested 2,2 billion yuan (US$350 million) in XPeng motors, bringing the total investment into the company to 5 billion yuan.
Sales figures for the Xpeng G3 EV. Car sales statistics from China only include domestic production and exclude imported models.
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