Xpeng Makes 10,000th Car Amid Plans for New Fundraising Round

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING: In Depth: What’s in the China-U.S. Tariff Truce, and What’s Left Unsettled; AI to Drive Expansion in Cyberattacks, Industry Execs Warn

LATEST: In Depth: What’s in the China-U.S. Tariff Truce, and What’s Left Unsettled; AI to Drive Expansion in Cyberattacks, Industry Execs Warn; AI Boom Faces Growing Threat From Climate Change, Researcher Says; AI Boom Redraws Global Tech Map, Industry Executives Say; Chinese Phone-Makers Raise Prices of Flagship Models as Memory Costs Surge; Qualcomm China Chief Sees Country Well Placed for AI Device Race; Tencent to Shut Down QClaw Assistant in Enterprise AI Push; DJI and Insta360’s Battle for Gimbal Camera Market Comes at a Cost; From Chips to Laptops: Alibaba Accelerates Full-Stack AI Ambitions; China’s Open-Source AI Could Narrow Global Income Gap, Economist Says; Embodied AI Startup Paxini Kicks Off Mainland IPO Bid Amid Sector Volatility; Alibaba Unveils New AI Chip as Cloud Infrastructure Push Deepens; Xiaomi Steps Up AI Investment With New Models; AI Firm SiliconFlow Raises New Funds; China Seeks to Protect Minors With Proposed AI Rules; Chinese Smartphone Makers Bet on AI Agents to Revive Demand; CXMT Begins Mass Production of Fifth-Generation Memory Chips; China’s AI Hiring Surges as Industry Pivots to Practical Applications; Huawei Speeds Up AI Chip Roadmap, Unveils Optical ‘Super Node’; Hikvision Overhauls Compliance Process to Tackle Fragmented Foreign Regulations

By Bloomberg / Jun 19, 2019 03:11 AM / Business & Tech

Photo: Bloomberg

Xpeng Motors, the Chinese electric carmaker planning another fundraising round, said it has produced 10,000 sport utility vehicles.

The company, which is backed by e-commerce giant Alibaba Group Holding Ltd., said in a statement it built its 10,000th G3 SUV in the city of Zhengzhou.

Among the hundreds of EV startups in China, only a few including NIO Inc. and WM Motor Technology Co. have also hit that production mark.

Total vehicle sales in the first five months of the year stood at 7,359, Xpeng said.

Share this article

Open WeChat and scan the QR code