XPeng Aerospace secures nearly $200 million in equity financing.

XPeng Aerospace announced that it has recently completed a new round of equity financing of nearly US$200 million, with investors including Hillhouse Capital, Sequoia China, Gaorong Capital, and Shenzhen Capital Group. Hillhouse Capital and Sequoia China continued to invest in the company after their Series A financing. Following this round of financing, Aerospace's total historical equity financing amount is approximately US$1 billion (equivalent to approximately RMB 6.881 billion at the current exchange rate), making it the company with the largest total financing amount in Asia's manned low-altitude flight sector.