Aridge could complete the listing as early as this year. According to Bloomberg, citing people familiar with the matter, XPeng Motors has hired an investment banking syndicate to assist its flying car business, Aridge (formerly known as Xpeng Aeroht), in advancing plans for an initial public offering (IPO) in Hong Kong. The sources said XPeng has selected JPMorgan Chase and Morgan Stanley to support the listing process and has confidentially submitted a share sale application. The company could complete the listing as early as this year, according to the people. The discussions are ongoing, and the IPO plan could still change, the sources added. Market speculation about a potential standalone listing of XPeng AeroHT is not new. As early as last year, reports suggested that multiple banks had been invited to pitch for underwriting roles for a possible Hong Kong or U.S. IPO. Aridge’s “Land Aircraft Carrier” flying car At the group level, XPeng has been seeking to strengthen cash flow from its core automotive business by expanding its range-extender hybrid lineup and scaling up its intelligent driving software operations. An independent fundraising channel for the flying car business would help reduce short-term financial pressure on the vehicle business while supporting long-cycle investments such as advanced aerial mobility. On the manufacturing side, Aridge has built an intelligent flying car factory in Guangzhou’s Huangpu district, covering approximately 120,000 square meters. Aridge’s flying car factory in Guangzhou’s Huangpu district The facility has an initial annual capacity of 5,000 units, which can be expanded to 10,000 units at full utilization, with one aircraft rolling off the production line every 30 minutes. On November 3 last year, the factory completed trial production and rolled off its first “Land Aircraft Carrier” flying vehicle. Aridge’s “Land Aircraft Carrier” flying car had rolled off the production line On November 21, the mass-production pilot vehicle for the ground module was also rolled off the production line at an XPeng manufacturing base. These milestones have laid the groundwork for planned mass production and deliveries in 2026. At the product level, the “Land Aircraft Carrier” is positioned as an integrated ground-and-air mobility solution, with an expected price below RMB 2 million ($277,800). It is built on an 800 V silicon carbide range-extender platform and offers a CLTC-rated combined range of more than 1,000 km. As of November last year, global cumulative orders for the “Land Aircraft Carrier” had exceeded 7,000 units, including more than 6,000 orders from China and around 600 orders from the Middle East. As of publication, representatives from XPeng, JPMorgan and Morgan Stanley had not responded to requests for comment on the reported IPO plans.
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