Chinese language Tesla rival Xpeng introduces a brand new flying automotive to Tech Information

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We wrote about Xpeng Motors again in July after the Chinese language electrical car startup raised $ 300 million earlier than going public in america. On August 28, Xpeng made a Wall Road debut. The share value was $ 15 however the value was $ 23.10. The Chinese language Tesla rival raised $ 1.5 billion when it went public. The share value was $ 15 however the value was $ 23.10.

Now, with billions of {dollars} of battle chest, the Alibaba-backed electrical automotive maker unveiled a flying automotive prototype on the Beijing Auto Present on Saturday. The brand new plane with the identify Kiwigogo can carry two passengers and hover as much as 25 meters. That is according to the specs of a prototype exhibited on the 2020 Beijing Worldwide Motor Present.

Xpeng mentioned in a press launch that the unit is a part of the corporate’s long-term analysis and improvement and that its core enterprise and improvement technique will stay unchanged. The corporate sees advantages from analysis in areas corresponding to precision and card applied sciences. The drone-like car geared up with eight turbofans is being developed by Xpeng Heitech, who’s majority owned by the founder and managing director of the automaker, He Xiaopeng.

“Xpeng’s electrical air mobility efforts will proceed to give attention to analysis and improvement in addition to experimental design in the interim,” mentioned the Guangzhou-based firm, including that it doesn’t anticipate any materials influence on its enterprise. “Xpeng will consider intimately the prospects on this space earlier than making any vital investments on this space.”

“It is a long-term R&D research the place we actually want to consider mobility in a much bigger context,” mentioned Brian Gu, vice chairman and president of Xpeng, CNBC in an interview on the sidelines of the Beijing Auto Present on Saturday.

“We imagine that sooner or later not solely will electrical autos have the capabilities for autonomous driving with clever mobility, however with different applied sciences they’ll additionally allow different gadgets that may create a multi-dimensional ecosystem, which will likely be very thrilling,” mentioned Gu. “So we’re investing on this space and performing some exploration.”

Xpeng Motors, based mostly in Guangzhou, China, was based in 2014 by Henry Xia and He Tao, former executives at Guangzhou Auto, with experience in progressive automotive expertise and analysis and improvement, and is a number one Chinese language electrical car firm that designs and manufactures seamlessly built-in vehicles the web and benefit from the newest advances in synthetic intelligence. Xpeng’s supporters embody IDG Capital, Alibaba Group Holding, and Xiaomi.



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