Title: Xiaopeng Huitian completes US$250 million Series B financing

On July 15, Xpeng Huitian announced the completion of a $250 million Series B financing, which will be used to support the development, mass production and commercialization of flying cars. So far, Xpeng Huitian has raised more than $750 million (about 5.375 billion yuan) in total, and obtained bank credit and syndicated loans totaling more than 7.2 billion yuan. With sufficient capital reserves, it has laid a solid foundation for the mass production and delivery of its "land aircraft carrier" split flying car in 2026.