XPeng was the Chinese electric-vehicle maker that went public in 2020 with a $1.5 billion IPO.
The company, formally XPeng Motors, was founded in 2014 and focused on connected, software-oriented electric cars. Its early development was backed by technology and automotive investors, including Alibaba and Xiaomi. XPeng’s strategy emphasized driver-assistance features, digital interfaces and vehicles designed for China’s rapidly expanding new-energy market.
On August 27, 2020, XPeng raised $1.5 billion in an IPO on the New York Stock Exchange. Its shares climbed more than 40% on the first trading day, reflecting strong investor enthusiasm for Chinese EV companies and the broader global shift toward electric transport.
The company’s first production model was the G3 SUV, which entered production in 2018. Its P7 sedan followed, beginning customer deliveries in 2020. The answer is sometimes confused with NIO or Li Auto because both were Chinese EV manufacturers that also listed in the United States around the same period. BYD is another major Chinese EV name, but its public-market history predates XPeng’s 2020 debut.