The founder of the original Xpeng Motors helped Lei Jun earn billions and invested $100 million in Xiaomi.

He Xiaopeng, sitting under the stage, must have mixed feelings when he saw that Xiaomi SU7 got 50,000 orders in 27 minutes. He Xiaopeng, Li Xiang and Li Bin came to Xiaomi’s conference together, but their mentality was totally different.

He Xiaopeng and Lei Jun are good friends, and even from a certain point of view, Lei Jun is his Bole and benefactor. Over the years, he reciprocated and helped Lei Jun make a lot of money, whether UC was sold to Ali or listed in Xpeng Motors. Even Xiaomi was encouraged to make a car to some extent.

But he has another identity, that is, the founder and major shareholder of Xpeng Motors. In 2023, Xpeng Motors managed to sell 140,000 sets, and the cumulative sales exceeded 400,000. After so many years of hard work, He Xiaopeng scored 140,000 yuan a year.

However, Lei Jun got an order for 50,000 units in 27 minutes. This is equivalent to one-third of Tucki’s annual sales. Xiaomi Automobile is Xpeng Motors’s direct competitor, and it is estimated that many orders from Tucki will be cut out of this 50,000 order. He Xiaopeng must be happy for Lei Jun from the bottom of his heart. Even he is one of Xiaomi’s shareholders. Xiaomi Automobile has done well, and he is also a winner. But from another angle, he is probably worried about his Tucki.

Xpeng Motors lost more than 10 billion yuan in 2023, and they have not turned losses into profits since its establishment. Today, among the new forces, LI has successfully achieved tens of billions of profits last year. However, Tucki is still losing money, and now Tucki’s sales have been widened by LI.

For He Xiaopeng, he could not have built a car. After selling UC in 2014, he has achieved wealth freedom. Ali spent more than $4 billion to win UC in He Xiaopeng. He Xiaopeng was only 35 years old this year.

When He Xiaopeng couldn’t find financing, Lei Jun sent $1 million at a critical moment. Lei Jun’s $1 million not only helped He Xiaopeng, but also earned him billions later.

UC in He Xiaopeng ushered in a big explosion in the era of smart phones, which once had hundreds of millions of users. At that time, Tencent had got the traffic portal of WeChat, and Ali had to buy UC at a high price in order to get another ticket.

After that, He Xiaopeng invested a lot of stocks in the secondary market, which he once revealed, and he made a lot of money at that time. He once said that he bought a lot of things to enjoy, bought a new house for his parents at home, and even bought a yacht himself.

If He Xiaopeng doesn’t start his own business, his wealth will be spent for 100 years. However, after that, He Xiaopeng made the idea of starting a business again, and chose to build a car with great difficulty.

He Xiaopeng gambled almost all his fortune to build a car. You know, building a car is a very complicated thing. Xiaomi is building a car now, and Xpeng Motors will build a car 15 years ago, which is totally different. At that time, the whole industrial chain was underdeveloped.

Now, from batteries and motors to lidar, the whole industrial chain has developed rapidly. When Xiaomi went public in 18 years, He Xiaopeng once invested $100 million in Xiaomi to support Lei Jun.

In fact, after He Xiaopeng founded Xpeng Motors, Lei Jun also invested in Xpeng Motors twice. However, when Xpeng Motors went public in 2020, Lei Jun sold his shares.

Now the launch of Xiaomi SU7 in the market is also a great boost for the whole new energy vehicle. Since the beginning of this year, BYD’s substantial price reduction has directly impacted the joint venture brand. According to the experience of the mobile phone market, it is estimated that the China automobile market will be dominated by the China brand within five years.

However, for China automobile brands, the line of life and death is no longer in the domestic market, but in the international market. It is not a simple matter for Apple to give up making cars. At the same time, the United States also imposed tariffs on China’s electric vehicles. This means that European and American countries have begun to encircle China’s electric vehicles.

On the one hand, if China electric vehicles want to make a difference in the international market in the future, the first one needs to constantly improve technology and quality, and the second one needs to face political risks. This electric car war will affect the economic development of China in the next few decades.

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