Xpeng Motors is looking to rally around $300 million in funding prior to its United States’ initial public offering (IPO), sources said.
Of the companies and investors who are looking to get involved in the funding round, one of the most notable is the Qatar Investment Authority (QIA), which is the country’s sovereign wealth fund.
According to French media outlet Nouve L’obs, the QIA currently holds about a 17% stake in Volkswagen Auto Group, Porsche, and mining company Glencore, which holds a cobalt deal with Tesla for the Giga Shanghai and Giga Berlin production plants.
Xpeng is looking to raise $300 million. However, CNBC reported that the final number the Chinese automaker raises could be higher than that as some investors are still discussing the possibility of putting money into the company. The sources wished to remain anonymous, and Xpeng declined to provide a comment on the matter.
The company’s latest round of investments is apart of the same $500 million funding round it raised earlier in July. Firms such as Hong Kong-based Aspex, New York-located Coatue, Beijing’s Hillhouse Capital, and Sequoia Capital China took part in the fundraising round.
Xpeng also raised $400 million in November, led by Xiaomi, a Chinese smartphone manufacturer.
The company has officially filed for an IPO in the United States in a confidential manner, but it has not decided which exchange it will list on yet, the sources said to CNBC.
Xpeng has decided to enter the U.S. market at an interesting time. Not only did the U.S. Senate pass legislation that would increase the scrutiny of Chinese-based companies that trade on Wall Street, but a company employee also has an ongoing lawsuit with California’s Tesla, which is the outright leader in electric vehicle technology and development.
California Democratic Representative Brad Sherman spoke on the Chinese stock market restrictions. “As we continue to experience the economic fallout and volatility caused by the COVID-19 pandemic, the need to protect main street investors is all the more important,” he said. “For too long, Chinese companies have disregarded U.S. reporting standards, misleading our investors.”
Additionally, Tesla opened a lawsuit against Xpeng employee Cao Guangzhi earlier this year, accusing the engineer of stealing Autopilot’s source code. Tesla alleges that the former employee downloaded Autopilot source code to his personal computer and transferring it to Apple Airdrop before selling it to Xpeng for financial gain.
Despite the two ongoing issues, Xpeng plans to begin offering an IPO for potential investors shortly. The company also is delivering its P7 sedan in China, which will directly compete with the Tesla Model 3, which has been highly popular in the country since it started deliveries in January.
If Xpeng does go public on Wall Street, it will be the third Chinese electric car company to offer trading in the United States. Currently, NIO and Li Auto are active in the U.S. stock market.

News
Honda and Acura EVs to gain Tesla Supercharger access this June 2025
This provides Honda and Acura EVs access to over 20,000 Superchargers across the United States.

Honda and Acura electric vehicles will soon be plugging into Tesla’s Supercharger network, with approved NACS-CCS adapters rolling out to Prologue and ZDX owners in June 2025.
This provides Honda and Acura EVs access to over 20,000 Superchargers across the United States.
Adapters Ensure Safety
Starting June 2025, Honda Prologue and Acura ZDX drivers can acquire a Honda-approved NACS-CCS DC fast-charging adapter at authorized U.S. dealerships, with pricing set closer to launch. Tested for safety and compatibility, it’s the only DC adapter that Honda recommends for its EVs at NACS stations, as noted in a press release.
Ryan Harty, assistant vice president of Sustainability & Business Development at American Honda Motor Co., Inc., shared his thoughts on the matter. “Adding Tesla Supercharger network access to the charging networks already available to our EV customers means industry-leading fast-charging access for Honda and Acura EV drivers,” he said.
Tesla requires approved NACS adapters at its Superchargers, and Honda strongly recommends that Prologue and ZDX owners use approved adapters. Honda also noted that damage caused by using unapproved adapters may not be covered by cars’ limited warranties.
Honda’s Big Charging Vision by 2030
Honda’s not stopping at Tesla’s network. By 2030, Prologue and ZDX owners are expected to tap roughly 100,000 DC fast-charge points across North America, blending Tesla Superchargers with IONNA’s new network, EVgo, and Electrify America.
“By the end of this decade, we strive to provide Honda and Acura EV drivers with the most convenient and easy charging at more than 100,000 charge points nationwide, helping people choose to purchase an EV for the many benefits of driving one,” Harty stated.
News
“Tesla Takedown” movement plans 500 protests in 277 stores, Superchargers
Rep. Jasmine Crockett (D-TX) stated that March 29 is her birthday, and “all I want to see happen on my birthday is for Elon to be taken down.”

The “Tesla Takedown” group is aiming to hold its “biggest day of action” in over 277 Tesla stores, as well as Supercharger stations.
During a mass call on Wednesday, organizers, filmmakers, members of Congress, and other key individuals banded together to call for a mass demonstration against the electric vehicle maker this coming March 29, as noted in a report from The Verge.
Tesla Takedown
The Tesla Takedown movement emerged from critics’ opposition to Elon Musk’s increasingly political nature, his close relationship with U.S. President Donald Trump, and his work with the Department of Government Efficiency (DOGE), which is aimed at cutting unnecessary government spending and waste. Members of the Tesla Takedown movement have targeted the EV maker since a notable portion of Musk’s net worth is tied to his Tesla holdings.
Unfortunately, protests against the electric vehicle maker and Musk have become increasingly violent, with Tesla stores being shot up and vehicles being burned in acts of arson. Supercharger stations have also been targeted in arson attacks. Tesla owners’ vehicles have been vandalized and set on fire as well.
Amidst these attacks, Trump has noted that he considers such actions as domestic terrorism. Attorney General Pam Bondi has also noted that those behind the arson and vandalism against Teslas will be caught and persecuted.
“No Conspiracy,” but Still Wishing For Musk Takedown
During the hour-long call, actor and filmmaker Alex Winter, who promoted the Tesla Takedown movement on BlueSky, stated that there is no conspiracy to take down the electric vehicle maker. “There is no conspiracy, there is no well-funded cabal. It’s just Elon Musk who has taken Tesla down,” he said.
Alice Hu, executive director of Planet Over Profit, noted that protesters are looking to hold over 500 events across the world on March 29, with 277 Tesla stores expected to see demonstrations. She also stated that protesters should feel free to demonstrate at Supercharger stations.
“We need to show Elon that he can throw a tantrum online because his stocks are tanking. He can get Trump to put on a humiliating used car show in front of the White House. These wannabe authoritarians can try to intimidate us from exercising our First Amendment rights, but they can’t stop us from fighting back,” Hu said.
Rep. Jasmine Crockett (D-TX) called for participants to fight, though she was quick to state that protests should be nonviolent. “The things that we’re fighting for, we are fighting for our country. We’re fighting for democracy. We’re fighting for our freedoms. And when I say fighting, I’m saying that figuratively. Obviously, everything that I am promoting is nonviolent,” she said. Interestingly enough, Crockett also stated that March 29 is her birthday, and “all I want to see happen on my birthday is for Elon to be taken down.”
Elon Musk
Elon Musk confirms two measures Tesla is taking to fight vandalism

Tesla CEO Elon Musk has announced two measures the company is taking to fight the vandalism that is going on at showrooms across the country as vehicles and even structures have been lit on fire, spray painted, or damaged by various means by those who oppose him or the automaker.
As attacks against Tesla owners and even the company directly continue to occur across the country, people have been wondering what the company will do to fight back. After President Trump and other members of the administration stated that attacks against the company would be treated as domestic terrorism, many thought things would cool down.
However, things have only intensified. Although several of the perpetrators have been arrested and are facing consequences, it seems the severity of the attacks has only gotten worse. Things like Molotov cocktails have been employed by protestors to show their distaste for the company.
Now, Musk is detailing several things Tesla is doing at its showrooms in hopes of ending everything that has gone on and persisted due to the resistance from those who oppose the automaker.
Musk says that Tesla is now ramping up security at its showrooms and is now using Sentry Mode on all vehicles to help catch perpetrators in the act.
We have seen security beef up in several high-profile locations, including Tesla’s Las Vegas location on Sahara Blvd., where Las Vegas Metro Police were spotted yesterday keeping things under control:
🚨 Tesla showrooms in Las Vegas have security in the form of the LVMPD
It is literal insanity that we have cops guarding Tesla dealers because people can’t have a different opinion in peace https://t.co/aunbNmWRuK
— TESLARATI (@Teslarati) March 19, 2025
Additionally, Sentry Mode has already done a great job of catching several perpetrators in the act, like this one who was recently caught, arrested, and now faces up to 18 months in jail for keying a swastika in a Tesla:
Not smart to attack Teslas
— Elon Musk (@elonmusk) March 20, 2025
Hopefully, these two measures can eliminate most of the issues Tesla has had at its showrooms. If not, there will likely be follow-up measures utilized by Tesla in hopes of ending this senseless vandalism.
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