XPeng raises RMB2.2B in Series B financing
XPeng announced RMB2.2 billion in Series B financing with Alibaba, Foxconn and IDG Capital as joint major investors.
Why it matters
XPeng raised approximately RMB 2.2 billion, then about $350 million, in Series B financing.
Evidence notes
- XPeng described Alibaba, Foxconn and IDG Capital as the three joint major investors, without assigning a sole lead.
- The financing took XPeng's reported cumulative capital raised above RMB5 billion.
- The transaction was announced at a Hong Kong press conference on 29 January 2018.
Company context
XPeng is an EV manufacturer. In late 2025 it unveiled IRON, a humanoid developed using its existing autonomy stack, battery expertise, and in-house manufacturing capability.