Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home Email this story   Print this story
Alibaba invests in Chinese EV startup
Automotive News China | 2017/12/22

BEIJING -- Xiaopeng Motors Technology, an electric-vehicle startup in Guangzhou, says Chinese online retail giant Alibaba Group has invested in the company.  

Xiaopeng Chairman He Xiaopeng said the company -- also known as XPENG Motors -- is starting to deliver its first batch of 1,000 vehicles and that it plans to showcase a vehicle next month at the CES technology expo in Las Vegas.

XPENG Motorsí» first model, the Identity X, is an all-electric compact SUV that accelerates from zero to 100 kilometers per hour (62 mph) in 5.8 seconds and has a range of 300 kilometers (186 miles). The vehicle is equipped with autonomous parking, intelligent cruise control and voice-activated controls.

Haima Motor Corp., a private light-vehicle manufacturer, is building cars for XPENG Motors on a contract basis. In October, Haima said it had agreed to assemble up to 50,000 vehicles for the company over the next four years.

XPENG Motors was established in 2014. Haima, headquartered in the south China city of Haikou, produces sedans, crossovers and multipurpose vehicles.

Alibaba hopes to establish itself as a provider of in-car infotainment. In 2016, the company formed a partnership with German mapmaker Here to offer maps, traffic updates and navigation to Alibaba's customers.

The company also has formed a partnership with Ford Motor Co. to market Fordí»s vehicles online.

Related Stories
  • EV, plug-in hybrid sales continue surge in June
  •     --Published:2018/17/7
  • BYD to offer financial leasing for electric buses in U.S.
  •     --Published:2018/17/7
  • China eyes more cuts in EV subsidies
  •     --Published:2018/10/7
  • BJEV starts battery-swap service
  •     --Published:2018/6/7
  • China's unbridled EV push wreaks havoc on battery makers
  •     --Published:2018/6/7
  • GM upgrades, extends range of micro EV
  •     --Published:2018/3/7
  • Jaguar Land Rover preps made-in-China EV
  •     --Published:2018/29/6
  • Changan breaks ground on 20 billion yuan EV plant in Nanjing
  •     --Published:2018/26/6
  • BYD, U.K. partner to supply 37 electric double-deck buses to London
  •     --Published:2018/26/6
  • Jack Cheng: From Ford to FCA to Chinese EV upstart Nio
  •     --Published:2018/26/6
  • Electrified vehicle demand expected to top 1 million in 2018
  •     --Published:2018/19/6
  • BAIC unit, Canada's Magna form ventures to make EVs
  •     --Published:2018/19/6
  • Tesla's missteps offer timely lesson for China's EV startups
  •     --Published:2018/15/6
  • Byton sets annual output at 150,000 EVs
  •     --Published:2018/15/6

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     


    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.