The registered capital of Xiaopeng Automobile affiliated Company increased to 15 billion yuan, an increase of 150%.

SMM: learned from the enterprise inquiry that Guangdong Xiaopeng Automotive Technology Co., Ltd. has recently undergone industrial and commercial changes, and the company's registered capital has increased from 6 billion yuan to 15 billion yuan, an increase of 150%.

Enterprise check business license information shows that Guangdong Xiaopeng Automotive Technology Co., Ltd. was established in June 2019, Xiaopeng Automobile founder and President Xia Heng as its legal representative, the company's business scope includes technical research and development of vehicle engineering; car rental; provide battery charging services for electric vehicles. The equity penetration map shows that the company is a wholly owned subsidiary of XPeng (Hong Kong) Limited.

In May this year, the main body of Xiaopeng automobile operation, Guangzhou Orange Bank Zhizhong Automotive Technology Co., Ltd. changed its shareholders. A total of 27 shareholders, including Guangzhou Penghang Investment Management Enterprise (Limited Partnership), Hangzhou Ali Venture Capital Co., Ltd., Shanghai Yunfeng Xinzhi Investment Center (Limited Partnership), Alibaba Network Technology Co., Ltd., Xia Heng, he Xiaopeng, and so on, all withdrew. The changed Guangzhou Orange Bank is wholly owned by Guangdong Xiaopeng Automotive Technology Co., Ltd.

In July, Guangzhou Orange Bank Zhizhi Automotive Technology Co., Ltd. again experienced industrial and commercial changes, with its registered capital increasing from about 14.609 million yuan to 2.8 billion yuan, an increase of 19065.63%. The substantial increase in registered capital is related to Xiaopeng Motor's C-round financing. On July 20, Xiaopeng Motor announced the completion of nearly 500 million US dollars in C+ round financing, mainly invested by Aspex, Coatue, Hillhouse Capital and Sequoia Capital China.

In early August, Xiaopeng raised another $300m in round funds from investors such as Alibaba and the Qatari sovereign wealth fund, which will mainly be used for research such as smart car technology. So far, Xiaopeng has raised more than $1.2 billion in round C financing.

After a total of 11 rounds of financing, Xiaopeng formally filed an IPO document with the Securities and Exchange Commission (SEC) on August 8, 2020, applying for listing on the New York Stock Exchange under the symbol "XPEV". Once successfully listed, Xiaopeng Automobile will become the third Chinese new car manufacturer to be listed in the United States after Ulai and ideal.

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