Xpeng Secures Backing From Guangdong’s $15bn State Fund as China Bets on AI-Driven Mobility Future

Xpeng said it was among the first companies picked for support from Guangdong’s new 100 billion yuan provincial investment fund.

The company did not disclose how much it will receive, but the fund is designed to provide long-term, state-backed capital to strategic emerging industries.

The backing underscores Guangdong’s push to support AI-linked mobility, robotics and advanced manufacturing as China competes in critical technologies.

Xpeng’s inclusion highlights its expansion beyond EVs into robotaxis, humanoid robotics and flying cars.