Shulou(Shulou.com)11/24 Report--

CTOnews.com November 9 news, according to Xiaopeng Huitian official news, November 8 morning, Xiaopeng Huitian bank-enterprise strategic cooperation signing ceremony was held in Guangzhou Xiaopeng Huitian headquarters. At the ceremony, Xiaopeng Huitian formally entered into a strategic partnership with Guangdong Branch of Agricultural Bank of China, Guangdong Branch of China Construction Bank, Guangzhou Branch of CITIC Bank and Guangzhou Branch of Pudong Development Bank. The four banks jointly provided Xiaopeng Huitian with a total credit line of RMB 6 billion to support Xiaopeng Huitian's flying car research and development and future production.

He Xiaopeng, chairman of Xiaopeng Huitian, said that the achievement of strategic cooperation between banks and enterprises will help encourage and strengthen Xiaopeng Huitian's confidence in the flying automobile industry, and strongly support Xiaopeng Huitian to further increase its capital investment in research and development. and gradually began to mass-produce flying cars in the supply chain, manufacturing base and other aspects of the layout and construction.

Xiaopeng Huitian successfully completed the overseas maiden flight of the fifth generation product traveler X2 in Dubai on October 10, and on October 24, "Xiaopeng Automotive Technology Day", Xiaopeng Huitian also released the latest research and development progress of the world's first electric vertical take-off and landing flying vehicle (internal code X3), including the product configuration and the successful test flight of the test prototype.

CTOnews.com learned that on October 19, 2021, Xiaopeng Huitian announced that it had completed more than US $500 million in round A financing, led by IDG Capital, Wuyuan Capital and Xiaopeng Motor, and followed by Sequoia, Zhong Ding, Hillhouse, Yunfeng and other well-known funds. This is the largest round A financing in the global flying car industry. And this time reached strategic cooperation with the four major banks and obtained 6 billion yuan in credit, which is another peak of financing activities after Xiaopeng Huitian's round An equity financing.

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