Xiaopeng Huitian completed a round of financing of more than US $500 million, led by IDG capital, five source capital and Xiaopeng automobile

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Xiaopeng motor company announced in October 19th official account of WeChat public. Today, Xiaopeng automobile eco enterprise Xiao Peng Hui Tian announced that it had completed more than 500 million US dollars A round of financing, and the pre valuation was over US $1 billion. This round of financing is led by IDG capital, Wuyuan capital and Xiaopeng automobile, followed by well-known institutions such as Sequoia China, Zhongding capital, GGV Jiyuan capital, Hillhouse venture capital and Yunfeng fund. Public information shows that this is the largest single financing obtained by enterprises in the field of low altitude manned aircraft in Asia so far.
With the goal of urban air mobility (UAM), Xiaopeng Huitian integrates intelligent vehicles and modern aviation, and is committed to the manufacturing of intelligent electric flying vehicles.