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He Xiaopeng
PROFILE
He Xiaopeng
$1.6B
$5M (0.34%)
Real Time Net Worth
as of 5/7/24
Reflects change since 5 pm ET of prior trading day.
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.
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