We all know the Palo Alto company, the legendary Tesla, which practically is today the electric car brand par excellence, known throughout the world for its zero-emission cars.
The eclectic CEO Elon Musk, though the not exactly rosy period that the brand is going through at the moment, especially in Europe, continues to propose new ideas. In the busy calendar of the Californian company there is a date to be marked in red: that of September 15, 2020, day of the big event when Musk decided that will feature the now famous million mile battery.
In this scenario, there are many companies trying to attract capital on the stock exchange like Tesla, among them there is Xpeng Motors, founded in 2014 in Guangzhou, China, led by CEO He Xiaopeng, with a total of approximately 3,600 employees. The cars created by the Chinese brand are only two at the moment, but they have not yet been launched on the international market, they are the sedan named P7 and the SUV G3.
Fonte: Xpeng Motors
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The style of the P7 is very subtle and at the moment it is even referred to as the Chinese alternative to Tesla Model 3, until February the third best-selling car in Europe. It seems that (according to Cnbc) Xpeng Motors has applied for an IPO (Initial Public Offering) on Wall Street, which means that it would like to enter the American stock exchange with a first listing. Obviously the goal is to sell the shares to raise funds and have the necessary capital to develop new models. At the end of last month, as many as 400 million dollars entered the startup’s coffers from Alibaba (for those unfamiliar with it, it’s the Amazon of China), the Qatar Investment Authority and the Abu Dhabi Mubadala fund.
There are many Chinese startups that “try”, but Xpeng Motors stands out for both proprietary electric platform than for technology. It boasts an Internet connection, autonomous driving and artificial intelligence. Many employees of the company who work in the research and development departments, the factory is almost totally automated.
The products of Xpeng Motors, as we have said, are only two and at the moment they come only sold in China. The G3 is a midsize SUV, with front engine and drive, capable of delivering a maximum power of 197 horsepower and 300 Nm of torque. The declared autonomy is 460 km and the price starts from 20.710 euro. The P7 is the 488 cm long sedan, it is rear-wheel drive and has 266 horsepower and 390 Nm of maximum torque, with a range of 586 kilometers. The price in China starts from 31,700 euros.
Fonte: Xpeng Motors
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