Asia-Pacific AAM Report 1H 2023

OEM OVERVIEW
MILESTONES
HT Aerospace founded
Flying motorcycle:
Flight tests began
Flying motorcycle:
First manned flight
Oct
X3: Released details about the first test flight and design
XPENG X1:
Launched and tested
XPENG T1:
Launched and tested
XPENG AEROHT founded
Sep
Jul
XPENG X2: Unveiled
2013 ... 2016 2017 2018 2019 2020 2021 2022 2023
Announced the sixth generation
flying car concept model
Oct
CERTIFICATION PROGRESS
DATE AGENCY STAGE
Sep, 2022 Dubai Civil Aviation Authority Received Flying Permits during flight demonstration in Dubai
Jan, 2023 CAAC Central and southern regional administration Issuing special flight certificate for XPENG X2
FUNDING
DATE ROUND AMOUNT(USD) INVESTORS
Oct 19, 2021 Series A $ 500,000,000
IDG Capital, 5Y Capital and Xpeng leading investment.
Sequoia China, Eastern Bell Capital, GGV Capital, GL Ventures,
YF Capital and etc.
Jun 30, 2022 Series A+ Undisclosed Rockets Capital
Nov 8, 2022 Line of credit $ 827,312,228¹
Agricultural Bank of China Guangdong Branch, China Construction
Bank Guangdong Branch, China CITIC Bank Guangzhou
Branch, Shanghai Pudong Development Bank Guangzhou
Branch
Note: 1. The original announcements of funding are expressed in Chinese Yuan. The funding was converted to United States Dollars using the exchange rate on the announced date.
ORDERS
Order information is not available
Information was provided by XPENG AEROHT in Chinese and modified and translated by Global Sky Media with an information cut off date of March 31, 2023.
1H 2023 ASIA-PACIFIC AAM REPORT | 43