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
  • Chinese EV makers, nurtured by state, now look for way out of glut
  •     --Published:2018/19/10
  • China's electrified vehicle fleet tops 2.21 million
  •     --Published:2018/19/10
  • Nio deliveries exceed target, hit 3,268 in Q3
  •     --Published:2018/16/10
  • Tesla expands Hong Kong charging outlets
  •     --Published:2018/16/10
  • Tesla's top outside investor acquires stake in challenger Nio
  •     --Published:2018/12/10
  • Faraday Future hits funding snag
  •     --Published:2018/9/10
  • Renault to launch electric crossover in China next year
  •     --Published:2018/9/10
  • EV startup Byton acquires debt-laden FAW unit to gain production license
  •     --Published:2018/5/10
  • Tesla worried by China tariffs even as deliveries surge
  •     --Published:2018/5/10
  • EV startup WM targets sales of 100,000 in 2019
  •     --Published:2018/2/10
  • SF Motors licensed for EV output in China
  •     --Published:2018/2/10
  • Germany's Hubject, Star Charge China sign EV charging pact
  •     --Published:2018/2/10
  • Renault, with Dongfeng, to launch first EV in China
  •     --Published:2018/28/9
  • Byton, Bosch team up on powertrains, brakes
  •     --Published:2018/28/9

    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.