Gasgoo Munich-The launch ceremony for the Guangdong Strategic Emerging Industry Investment Guide Fund was recently held in Guangzhou, according to Gasgoo. Provincial Party Secretary Huang Kunming and Governor Meng Fanli attended the event to officially unveil the fund.
XPENG was named among the first batch of signatories, with Chairman and CEO He Xiaopeng delivering a keynote speech at the ceremony.
The fund boasts a total target size of 100 billion yuan, with an initial registered capital of 50 billion yuan. It marks Guangdong's first perpetual provincial government investment fund structured as a corporation. Operating under the principles of "government guidance, market-oriented operation, and professional management," the fund will prioritize hard technology. Its aim is to catalyze a trillion-yuan industrial investment fund cluster and accelerate the construction of a modern industrial system in Guangdong.
Cultivating strategic emerging industries requires "patient capital" capable of weathering economic cycles, He Xiaopeng argued in his address. He emphasized that both Guangdong and the nation at large need more high-quality enterprises committed to proprietary R&D and deep technological innovation.
Image Source: XPENG Motors
Outlining his vision for strategic emerging industry investment, He Xiaopeng offered four core judgments: maintaining a long-term investment horizon; channeling capital into high-intensity R&D and innovation to drive high-quality development; targeting upstream and root-node technologies to secure supply chains; and pursuing a global strategic layout.
He noted that whether in digital AI, physical AI, or biological AI, success demands long-term, unwavering, and substantial technological investment—backed by conviction, patience, execution, and intensity. A company's genuine R&D commitment, he argued, is the decisive factor in achieving consistent long-term innovation. XPENG, he affirmed, will continue to ramp up its R&D spending.
Deeply rooted in Guangdong, XPENG currently employs 29,000 people globally. The company projects roughly 77 billion yuan in revenue for 2025, with annual R&D spending exceeding 11 billion yuan—an intensity of about 14%. It has established a systematic footprint in smart vehicles, embodied intelligence, and flying cars. Notably, its self-developed Turing AI chip and the second-generation multimodal physical world large model (VLA) have entered mass production. Additionally, the company has built the world's first mass-production factory for flying cars with a 10,000-unit capacity, alongside a full-chain production base for humanoid robots.
Expressing both honor and a sense of responsibility as a first signatory, He Xiaopeng pledged that XPENG would stay the course on independent innovation. The company aims to master core physical AI technologies, leveraging the strategic fund's support to bring the low-altitude economy to flight, put autonomous driving on the road, and put embodied intelligence to work—transforming core technologies into tangible industrial applications.
