#1772

He Xiaopeng

China 48 years old Self-Made

Overview

Source of Wealth
Electric vehicles
Industry
Automotive
Residence
Guangzhou
Education
South China University of Technology (Bachelor of Technology)

Assets

  • Xpeng
    176,404,000 shares @ -
    -
    XPEV-US
  • Xpeng
    3,620,000 shares @ -
    -
    XPEV-US

Biography

He Xiaopeng is the cofounder and chairman of Xpeng, an electric vehicle maker dual-listed in New York and Hong Kong.

German automaker Volkswagen announced in July 2023 it would acquire a 4.99% stake in Xpeng via a $700 million capital increase, and subsequently gain an observer seat on its board.

In August 2023, Xpeng acquired ride-hailing platform Didi's smart-car development arm in a $744 million all-stock deal to be completed in stages, with Didi owning an eventual 3.25% stake.

Before Xpeng, the mogul founded browser UCWeb, which was acquired by Alibaba in 2014.