XPENG(US:XPEV) Sou Hu Cai Jing·2025-05-07 13:37Core Viewpoint - Xiaopeng Motors is considering an IPO for its flying car subsidiary, Xiaopeng Huitian, with potential listings in Hong Kong or the U.S. [1] Group 1: IPO Considerations - Xiaopeng Huitian has invited multiple banks to participate in the IPO bidding process [1] - The company has not officially confirmed the IPO rumors but is focused on business development [1] Group 2: Recent Financing Activities - Xiaopeng Huitian secured a syndicate loan of 1.26 billion yuan from five banks to support the construction of its flying car manufacturing base [2] - The company has completed three rounds of external financing, including a $500 million Series A round in 2021 and a $150 million Series B1 round in 2024 [2] Group 3: Manufacturing Base Development - The flying car manufacturing base is set to be the world's first large-scale production facility for flying cars, with an annual capacity of 10,000 units [2] - The base is expected to be completed by Q3 2025, with the first flying cars anticipated for delivery in 2026 at a price not exceeding 2 million yuan [3] Group 4: Production Progress - The manufacturing base has reached 70% completion, with key areas already topped out [3] - Xiaopeng Huitian expects to obtain the type certificate for its flying car by the end of 2025 or early 2026, which is crucial for commercialization [3]