Ho: Everyone can toss and turn, but we are the best.

Writing an article? |? Cynthia. Editor? |? Zhou changxian

"I'm really excited!"

At 9:30 pm on August 27th, Xpeng Motors (stock code "XPEV") officially landed on NYSE. Standing in the center of the stage of the listing conference, it's hard to hide the excitement of just ringing the listing bell.

He originally wrote the speech himself, but he was too excited at the scene to say anything according to the script. All people remember is "We should be awesome, be good to customers and improve ourselves".

Building a car is to prove to my son.

He, born in 1977, is a serial entrepreneur. /kloc-at the age of 0/7, he set a clear life goal-to achieve financial freedom before the age of 40.

In 2004, He Xiaopeng founded UC Vision, which was acquired by Ali after 10, and achieved the first goal in life-financial freedom three years ahead of schedule. Shortly thereafter, as an investor, he co-founded Xpeng Motors with current presidents Henry, He Tao and Yang Chunlei.

"I once thought about achieving financial freedom before I was 40, and then I quit, but I found that I would be more empty and miserable if I quit." He Xiaopeng said that many people asked him if his life would change greatly after he gained wealth and freedom. He admits that there will be more scruples in life. For example, eating 7 yuan fast food with Yu Yongfu, he can only eat it secretly, because he is afraid of being recognized and taking pictures, which is not good for enterprises.

In UC? On the birthday of 13, He Xiao Peng officially left Ali. Yu Yongfu, then Chairman and CEO of Ali Culture and Entertainment Group, said in an internal letter that He Xiaopeng would "start a new journey to pursue his dreams".

A week later, his dream trip to Xiao Peng was announced. He announced that he officially joined Xpeng Motors and became the chairman of Xpeng Motors. Are you online? /kloc-0 0 year.

How did this man who caught up with the mobile Internet make up his mind to drive a car?

GGV ggv Capital Management Partner laughs at himself and is often joked by He, saying that he is a "bad guy" who urges him to start a business.

He recalled that on February 6, 2065438, when Jixun Foo called, his baby was just born for a minute or two. "He said that the racing track has already started. If I don't rush in, the window period of this track may be closed in a year or two. "

From the moment he got a call from Jixun Foo, Xiao Peng made up his mind to do something to prove his trust in his son in the future.

In 2020, He Xiaopeng was 43 years old.

On August 27th, Xpeng officially landed on the New York Stock Exchange. In a hotel in Guangzhou where the company is headquartered, Xpeng Motors investors Lei Jun, Yu Yongfu and others came to the scene to cheer. Subsequently, Lei Jun sent a message to congratulate He on his Weibo.

As a fellow villager in Hubei and an investor who supported He Auto twice, Lei Jun told He a lot about starting a business. For example, many things need to be rolled up again and done by themselves. If we only manage, we will not learn anything, and we will not see many phenomena clearly.

"Lei Jun also told me a little, which put me under great pressure. He said you have to go from business class to economy class, from staying in a five-star hotel to living at home. " He said to Xiao Peng.

In this way, from the "comfort zone" of the internet circle to the "difficult zone" of the automobile circle, it has become a typical example.

Philosophy of hitting the wall

There are countless difficulties in making a car. Facing the problem, the first one is to "hit the wall" with your head. Hit the wall ten times, maybe twice. The second is to walk around the wall. The third is to write it down. Go around first and then call.

-He's Xiao Peng.

It's hard to know what's going on without it. He Xiaopeng also had to admit that he had a dream to toss when he left Ali, and finally found that the process of building a car was very painful.

"Building a car is much more difficult than I thought. At that time, I felt that I had encountered so many difficulties in starting a business for so many years. Now I feel that cars are really too difficult. I think it is not easy for those big names in the automobile industry to achieve today. " He Xiaopeng can't hide his admiration for his predecessors in the automobile industry.

He also has a steely and upright side in Xiao Peng. In 20 15, like many people, he thought the letv model was a scam, and predicted that letv would perish around 20 17. "Lao Jia is a controversial person. He does have dreams, is very kind to people and works hard, but his contempt for some undisclosed directions such as finance, integrity and commerce has led to today. " He said to Xiao Peng.

There is a "three highs" law in the automobile industry: more money, more people and more technology.

It costs too much money to make a car.

Just as non-auto people look at cars at first, it is easy to think that billions are enough. At first, He estimated that the cost of their car was 600,000 yuan. Unexpectedly, it only scored 9 Niu Yi points.

He Xiao Peng found it meaningless to make cars. To create a new car company, the core must be production, qualification, independent brand and sales channels, including sales innovation. Therefore, the money needed to build a car is completely different from the money needed by the car company.

"Later, I said, maybe ten billion is not enough, but twenty billion. Now I don't think 20 billion is enough. If I remember correctly, Tesla probably took nearly $654.38+0.5 billion in debt and equity. I think we may need so much money to become a truly global big car company, including tour operators. " He said to Xiao Peng.

There are also many people who need to build cars. Now Xpeng Motors has about 3,000 employees, which is really a small company in the automobile industry. "Although we don't have many manufacturing personnel, they are basically research and development. But as an internet software company and technology company, it is already very big, and we will increase by almost 3,000 people this year. " He said to Xiao Peng.

Tesla complex

Like Li Xiang, CEO of Li, he is also a qualified "special oral sex worker".

Among the new domestic car-making forces, Xpeng Motors often bid for Tesla with high profile, and directly defined Tucki P7 as "Tesla's biggest domestic rival" from the product perspective.

He attaches great importance to Tucki P7, and he wants to convey an idea to the outside world: In order to make smart cars more popular, we are making a high-value, high-quality and safe smart car.

"Because the core of smart cars is in cars, not in intelligence. I hope more prospective car owners in Tucki can see our best efforts in the automotive field. Actually, it's the same. 70% of our R&D personnel are automotive R&D personnel, and only 30% are from the Internet and other fields. "

He Xiaopeng also admitted that "Tesla is a smart car. It takes a road from Level2 and Level3 driving to future unmanned driving. In this regard, Xpeng Motors has similar ideas. "

So when P7 came out, Xpeng Motors was suddenly endowed with the feeling of scientific intelligence.

He also made a comparison with Tesla: Tesla model? 3 Equipped with 8 cameras, 1 front millimeter wave radar, 12 ultrasonic sensor. Tucki P7 has 14 cameras, 5 millimeter-wave radars and 12 ultrasonic sensors. On the core technology, Xpeng Motors has sufficient battery energy and efficient electric drive system, which he calls the lifeblood of electric vehicles.

In addition, in P7 (long-life version of rear drive) and model? 3 In the actual endurance comparison test of imported rear-drive long endurance, the results show that NEDC has a model with a nominal 664km. The final measured result is 508.8km, while P7 is 567. 1km.

The obvious data shows that the product strength of Tucki P7 can completely surpass that of Tesla Model3.

"Actually, I like Tesla, but I don't think Tesla is in line with China's national conditions." He bluntly said that Tesla did not come from an Internet operation team in terms of Internet operation and autonomous driving operation.

In other words, this is Tesla's short board. He Xiaopeng's words are very similar to the famous sentence in the movie "This black boy is not too cold": "I think the deepest love is that I became you after you left."

His Weibo always laughs at himself. On May 26th, Stanley Ho, the gambling king, died, and he forwarded it to Weibo with the essay "He has the same surname, but he is a legend". The pride is beyond words.

Netizens have not spared him, teasing him that he can "marry more rooms and have more children, and 98 years old may be a legend." Some people also gave him advice, and it would be more perfect if we could open up an era of three-dimensional transportation for all.

In fact, at the press conference of P7, it was predicted that there would be great changes in the future from wheeled vehicles to fixed-wing vehicles to walking vehicles.

Who can become a company with a market value of 100 billion?

Xpeng Motors' IPO is expected by the capital market, attracting more attention from both inside and outside the industry.

On June 6th this year, He Zeng took a photo of himself and Li Xiang, laughing at himself. In the impression of the outside world, this should be the first time that the three new forces have taken a group photo with the founders of car companies, greatly exaggerating the transformation of the three people from "Internet giants" to "poor people" who build cars.

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Xpeng automobile company is lucky. The day before listing on the NYSE, Weilai rose 19. 17% to a record high, and Tesla's latest closing market value has exceeded 400 billion US dollars. Tesla's share price rose, Li's subscription was hot when he went public, and Weilai's market value exceeded $20 billion for the first time in intraday trading-all kinds of good news about the smart electric vehicle market became the best foreshadowing for Xpeng Motors' listing.

Xpeng Motors issued 99.73 million American depositary shares in this IPO, and nearly150,000 shares were issued on the basis of the original plan of 85 million shares, with an issue price of $ 654.38+05 per share. The total amount of funds raised through this IPO is about $654.38+05 billion. At the close, Xpeng Motors closed at $2 1.22 /ADS on the first trading day, up 4 1.47% compared with the issue price, with a market value of over $654.38+0.5 billion and a turnover of over $865.438+0.05 billion.

"On the first trading day, Xpeng Motors, which focuses on self-research, gained enough confidence in smart car companies from China from the market." In the official press release, Xpeng Motors set the tone like this.

There are people with higher profile. On August 26th, in the classmate group of Gaoshan University, Li wanted to speak and @ .

Li Bin replied: "Continue to power up!"

He replied: "He and Li hope to make better products and go global."

When judging the company's valuation, investors often refer to the new car-making enterprises that have been listed in the US stock market. Because the United States has the most diverse investor groups and professional investors in the world, and they have a deep understanding of the electric vehicle industry, the market value of these EV companies listed on the US stock market may be used as a benchmark.

"American investors are very optimistic about the prospects of new energy vehicles in the China market. It may be too early to judge which company can stand out, but with China becoming one of the largest electric vehicle manufacturers in the world in the future, if a company can win a share in the China market, it will represent its huge financial growth space. " A person in charge of Tiger Investment Bank commented.

Judging from the performance on the first day of listing, Xpeng Motors, which is positioned in the domestic mid-to high-end passenger car market, has indeed been enthusiastically sought after by investors, especially its development path of focusing on research and development, which makes the outside world quite optimistic about the prospects of its smart products.

Last year, Wang Xing, the founder of Meituan. Com, who especially likes to play the role of a prophet in the automobile industry, once said that Ideality, Weilai and Tucki are the only three new power car-making enterprises in the future, which attracted many people in the automobile industry's dissatisfaction and counterattack. Now it seems that with the listing of the three companies, Wang Xing at least guessed the beginning.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.