Archive — CN — technode
Xpeng’s flying car unit hires banks for IPO: report
Xpeng Aeroht, a Chinese flying car startup, is hiring banks for an IPO in the US or Hong Kong, though fundraising details are uncertain. Last year, it applied for production certification for its eVTOL aircraft, anticipating mass production in 2026 with a plant in Guangzhou.
Key points
- Xpeng Aeroht is a subsidiary of Xpeng Motors focusing on flying cars.
- The company is hiring investment banks to assist with its IPO plans.
- The stock market listing could occur in the US or Hong Kong.
- Details on the amount to be raised are not yet clarified and may change.
- In 2022, Xpeng Aeroht filed for production certification for its flying car.
- Their eVTOL aircraft aims for mass production by 2026 with a plant in Guangzhou having a capacity of 10,000 units.
Why it matters
- The 2025 IT trends indicate a growing interest in urban air mobility solutions.
- Flying cars and eVTOL technologies are being explored as solutions to urban traffic congestion and pollution.
- Xpeng's developments align with advancements in electric vehicles and sustainable transportation.
Xpeng Aeroht's IPO plans reflect the growing interest in innovative transportation technologies, positioning it to capitalize on the urban air mobility trend ahead of its projected eVTOL production in 2026.