Xpeng

Xpeng Inc. (also written XPENG or 小鹏汽车) is a Chinese electric vehicle manufacturer headquartered in Guangzhou and listed on the NYSE and Hong Kong Stock Exchange. The company is distinguished by its heavy investment in autonomous driving and AI, with XNGP (Xpeng Navigation Guided Pilot) delivering city-level intelligent driving across China without HD maps. In Q1 2025, Xpeng's revenue surged 141.5% year-on-year, leapfrogging NIO in quarterly revenue for the first time, driven primarily by strong demand for the MONA M03 entry-level sedan.\n\nXpeng's MONA M03, launched in mid-2024 and priced from approximately RMB 119,800 ($17,000), became one of China's top-selling EVs by bringing Xpeng's ADAS technology to a mass-market price point. The company also sells the X9 premium MPV and P7 sedan targeting more affluent buyers. Xpeng has expanded into the flying car segment through its subsidiary HT Aero, which has demonstrated an eVTOL vehicle and announced plans for commercial launch in the late 2020s.\n\nXpeng has a strategic cooperation agreement with Volkswagen Group, which invested $700 million in exchange for a 4.99% stake and agreed to co-develop two EVs on Xpeng's platform for the Chinese market. This partnership validates Xpeng's technology credentials and provides capital and scale advantages. Xpeng is also building out its international sales presence in Europe, Southeast Asia, and Australia, with right-hand-drive models in development.