XPeng Inc - XPNGF stock
OTC Market: XPNGF
XPeng Inc. is a Chinese smart electric vehicle manufacturer headquartered in Guangzhou, China, specializing in designing, developing, manufacturing, and marketing a range of electric vehicles, including SUVs (G3, G3i, and G9), four-door sports sedans (P7 and P7i), and family sedans (P5). The company also provides various services such as sales contracts, maintenance, supercharging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, vehicle leasing, and insurance agency services, as well as advanced driver-assistance system technology and in-car intelligent operating systems.
XPeng Inc. was founded in 2015 in Guangzhou, People's Republic of China. The company was established as a smart electric vehicle (EV) manufacturer with a focus on developing and producing electric cars that incorporate advanced technologies and intelligent features.
The co-founders of XPeng Inc. are He Xiaopeng (also known as Henry Xia), He Tao, and Xia Heng. He Xiaopeng is a prominent entrepreneur and a former co-founder of UCWeb, a mobile internet company that was acquired by Alibaba Group. He Tao and Xia Heng also brought significant experience and expertise to the company, helping shape XPeng Inc.'s vision and growth strategy.
XPeng Inc. entered the market as one of the numerous electric vehicle startups in China aiming to capitalize on the growing interest in sustainable and technologically advanced transportation solutions. Over the years, the company has attracted substantial investments, allowing it to expand its operations, develop new models, and enhance its technological capabilities.