Xpeng reportedly enters yacht industry, expanding its land, sea and air mobility empire

CnEVPost

Jun 10

Xpeng formed an R&D team of nearly 100 people early this year for a yacht project internally codenamed "Flying Fish," according to a local media report. The yacht developed by Xpeng remains in the ...

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For example, Mercedes-AMG, Lamborghini and Porsche have all launched high-end yachts, the report noted.\nAutomakers possess core advantages in technology, design, branding and supply chains when manufacturing yachts, and can extend automotive capabilities such as performance, luxury interiors and electric intelligence to the sea, the Leiphone report cited unnamed industry insiders as saying.\nChinese tech giants crossing over into the yacht industry is becoming an eye-catching new trend, with JD.com founder Richard Liu making a similar business decision early this year.\nLiu announced in February an investment of 5 billion yuan ($740 million) to establish the independent yacht brand Sea Expandary, hoping to break the long-term monopoly of overseas giants.\nSea Expandary will focus on new energy smart yacht products and has already signed strategic cooperation agreements with local governments in Shenzhen and Zhuhai earlier this year.\nLiu even publicly expressed his hope to build yachts priced as low as 100,000 yuan in the future, dedicating himself to bringing yachts into thousands of Chinese households just like ordinary smart cars.\nChina's yacht market is currently in a period of rapid growth. Data from the Ministry of Transport shows that newly registered yachts in China over the past three years account for about 54.7% of the total number of yachts.\nHowever, China's yacht manufacturing industry currently holds less than a 4% market share globally, and the overall industrial structure shows obvious feature of early-stage development.\nThe exposed yacht project is expected to further complete Xpeng's ambitious future mobility vision, as the company's flying car unit Aridge just completed a funding round of nearly $200 million in March this year.\nAs the startup with the largest total financing in Asia's manned low-altitude flying sector, Aridge is currently actively preparing for a potential initial public offering in Hong Kong.\nAridge's modern mass production factory in Guangzhou was completed last year, and its highly anticipated Land Aircraft Carrier flying vehicle is expected to be priced at no more than 2 million yuan in the future.\n\n\n\n\n\n\n\n\n\nCATL expects pure electric vessels to be capable of ocean voyages within 3 years\nCATL's marine business already covers inland rivers, lakes, and coastal waters, and is now advancing toward ocean voyage applications.\n\n\nBattery\nDec 4, 2025\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n($1 = 6.7724 yuan)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}