XPeng's Flying Car Unit HT Aero Secures Nearly $200M in Funding, Eyes HK IPO

XPeng’s flying car development unit, Guangdong Huitian Aerospace Technology Co., Ltd., has recently secured a new round of equity financing amounting to nearly $200 million. Leading investors in this round include Hillhouse Capital, Sequoia China, Gaorong Capital, and DACM (Dachen CaiZhi). Industry observers widely view this funding round as a pre-IPO investment, signaling the company's accelerated push toward a public listing. Market rumors have previously suggested that Huitian aims to launch its Hong Kong IPO by the end of January 2026—a timeline not yet officially confirmed. However, the company appointed Du Chao as CFO in June 2025, who brings nearly two decades of investment banking and financial experience and previously led a successful Nasdaq listing for an edtech company, further strengthening market expectations that Huitian is actively preparing for an IPO.