Xpeng Makes 10,000th Car Amid Plans for New Fundraising Round

(Bloomberg) -- Xpeng Motors, the Chinese electric carmaker planning another fundraising round, said it has produced 10,000 sport utility vehicles.

The company, which is backed by e-commerce giant Alibaba Group Holding Ltd., said in a statement it made its 10,000th G3 SUV in the city of Zhengzhou.

Among the hundreds of EV startups in China, NIO Inc. and WM Motor Technology Co. are among the few to have hit the same volume production mark.

Xpeng Says Size of Ongoing Fundraising Round Yet to Be Finalized

Total vehicle sales in the first five months of the year stood at 7,359, Xpeng said.

To contact Bloomberg News staff for this story: Tian Ying in Beijing at ytian@bloomberg.net

To contact the editors responsible for this story: Ville Heiskanen at vheiskanen@bloomberg.net, Angus Whitley

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