XPeng was co-founded in 2014 by He Xiaopeng (former executive at Alibaba and co-founder of UCWeb) and Xia Heng, alongside key leadership contributions from Vice Chairman and Co-President Brian Gu. Furthermore, the company has secured vital backing and strategic investments from prominent global institutions, major technology giants like Alibaba and Xiaomi, and industrial titans such as the Volkswagen Group, which acquired a substantial equity stake to co-develop smart electric vehicle architectures.