In early May this year, the Internet repairer Xiaopeng Automobile and Guangdong Zhaoqing municipal government signed a total investment of more than 10 billion construction issues, but also with the Zhengzhou hippocampus Sensor on behalf of the production matters. Hippocampus car official announcement, and Xiaopeng officially signed the contract - 'Xiaopeng brand car co-manufacturing framework agreement.'

   The two sides work together to engage in new energy vehicle production activities. Within the scope of the agreement, Xiaopeng Automobile will authorize the hippocampus Automobile Co., Ltd. to use its trademark and related technology to produce the products of the agreement; Haima Automobile Co., Ltd. is responsible for the production of the agreed products. The two sides initially determine the production capacity of the agreement products for 50,000 / year. And, the first agreement is expected to be produced by the end of 2017 production. Ali large entertainment Fuel Rail Pressure Sensor group new mobile business group president, UC president He Xiaopeng officially as chairman of Xiaopeng Automobile Company, to further accelerate the pace of development of Xiaopeng Automobile.

   In September 2016, Xiaopeng car released in Beijing Beta version of the car. In February this year, the first trial vehicle off the assembly line, the simultaneous start of the vehicle trial and test work. In May, Xiaopeng car billions of vehicle production base settled in Guangdong Zhaoqing High-tech Zone. In June, Xiaopeng Automobile acquired by the China-based car to set up the General Motors Industry Fund led Temperature Sensor by the 2.2 billion A round of financing. Recently, Xiaopeng car was being carried out A + round of financing, this round of investment after the valuation of 5 billion yuan.