XPeng HT Plans Hong Kong IPO as Flying Car Nears Mass Production

According to a Bloomberg report on January 12, XPeng has hired JPMorgan and Morgan Stanley to assist its flying car subsidiary, HT Aero, in preparing for an initial public offering (IPO) in Hong Kong. The company has already confidentially filed its listing application and could complete the IPO as early as this year. HT Aero’s world’s first mass-production line for flying cars, located in Huangpu District, Guangzhou, began trial production on November 3, 2025, successfully rolling out its first “Land Aircraft Carrier” flying vehicle. On November 21 of the same month, the company also completed the trial production of its ground-driving module, marking the entry of its modular flying car into the mass-production validation phase. The vehicle features a cyber-mecha design and requires only a standard Class C driver’s license for road use. Measuring 5.5 meters long, 2 meters wide, and 2 meters tall, it is built on an 800V silicon carbide high-voltage extended-range platform, offering over 1,000 kilometers of driving range and capable of recharging the aerial module enough for five to six flights. HT Aero aims to begin mass production and customer deliveries in 2026.