Aridge's Hong Kong IPO Bid Signals XPeng's 2025 Flying Car Ambitions

XPeng’s flying car subsidiary Aridge is preparing to go public in Hong Kong, enlisting investment banking heavyweights JPMorgan Chase and Morgan Stanley to orchestrate the offering. Bloomberg reported that confidential regulatory filings have already been submitted, with a potential 2026 timeline—though plans remain fluid as discussions continue.

Building the Foundation for Flying Cars in 2025

The Aridge unit, previously branded as XPeng Aeroht before its October 2025 rebranding, is ramping up operations to support its flying car vision. The company operates a sprawling 120,000-square-meter production facility in Guangzhou, establishing assembly lines and gearing up for initial vehicle deliveries this year.

A major milestone came in July 2025 when Aridge secured $250 million in Series B funding, validating investor confidence in the flying car sector. The division is owned jointly by XPeng and its CEO He Xiaopeng, giving the founder direct stakes in this emerging business line.

New Model Demonstrates 2025 Advances

At XPeng’s November 2025 AI Day event, Aridge unveiled the A868, a hybrid-powered flying car designed for multiple passengers on extended journeys. The vehicle boasts over 500 kilometers of range per charge, representing significant progress in practical flying car engineering.

XPeng’s broader strategy involves cross-subsidization—profits from traditional electric vehicles fund development of next-generation flying cars and autonomous driving technology, creating a sustainable innovation engine.

Market Perspective: Analysts See Growth Path

Wall Street’s XPeng watchers maintain a cautiously optimistic stance, with four analysts rating it a Buy, one neutral, and one Sell. The consensus price target of $29.67 implies 48.2% upside potential from current levels. The stock has already gained 65% over the past year, reflecting growing investor enthusiasm for the company’s diversification strategy into flying cars.

The IPO timing aligns with Aridge’s production ramp and reflects confidence in emerging transportation categories, as XPeng positions itself beyond traditional EV manufacturing.