XPeng signs approximately $500M Series C+ financing
XPeng signed a Series C+ financing of approximately $500 million with Aspex, Coatue, Hillhouse Capital and Sequoia Capital China.
Evidence notes
- The financing followed XPeng's $400 million Series C in November 2019.
- P7 production and Zhaoqing factory licensing were already underway in 2020.
- The round did not identify a lead investor.
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.