What's the significance of Xpeng Auto's announcement of 2.2 billion Series B financing?

654381October 29th news, Xpeng Motors held a press conference in Hong Kong today, announcing the launch of Series B financing with a total amount of RMB 2.2 billion, which was jointly led by Alibaba Group, Foxconn and IDG Capital. After the completion of the B round of financing, Xpeng Motors will get more than 5 billion yuan from the capital market.

In addition to the above three leading investors, Yunfeng Fund, Aboletto and CICC chose to follow suit, and A+ round investors such as ggv capital, Morningstar Capital and Jingwei Venture Capital also appeared again in the list of investment institutions.

He, Chairman of Xpeng Automobile, said: "The key to the survival and development of Internet-built cars is the product innovation ability, rapid iteration ability and ultimate user thinking of super product managers. Xpeng Motors G3 will be available this year. "

20 17 12, Xpeng automobile announced the end of A0, A 1 and A2 rounds of A+ financing, of which A0 round came from Alibaba and He Xiao Peng himself; A 1 Round comes from ggv Capital, Morningside Capital, IDG Capital, Jingwei Venture Capital, Shunwei Capital and Guangkong Zhongying Capital. Round A2 comes from Ding Xin Capital, Kunzhong Capital and Lightspeed Venture Capital. 2065438+May 2007, Xpeng Motors won the investment of 2.2 billion yuan from UCAR Industry Fund sponsored by China UCAR Company. In addition, individual investors in A+ Round also include Yao Jinbo, founder and CEO of 58 Tongcheng, Zhang Tao, founder of Public Comment, and Dai Kebin, founder and CEO of Hunting.com..

Xpeng Motors products range from Beta version, engineering production vehicle (version 1.0) to Xpeng Motors G3 (version 2.0). The engineering production vehicle was successfully rolled off in Zhengzhou on 20 17 and 10. G3 is an electric SUV, which will be launched on 20 18. The specific configuration and price will be announced at that time, and delivery is planned this year. Xpeng Motors intelligent networking technology industrial park (Zhaoqing base) was laid on 20 17 12 1.