The Chinese Coder claimed to beat Elon Musk and Tesla with real power rather than stealing technology

Tram Ho

“Currently Elon Musk is better than me but I can be better than him in the future,” Ha Xiaoguan, CEO and chairman of Xiaopeng Motors electric car company, announced in January 2018.

He sold his internet company for billions of dollars and then founded a electric car startup, regularly updating information about his automaker on social networks. He owns Tesla’s shares, Tesla’s driver and is building a electric vehicle factory in China.

But he is not Elon Musk. Instead, the person we are talking about is Chinese billionaire He Xiaopeng. Ha considers Elon Musk the target he needs to defeat and Ha’s Xiaopeng Motors (also known as Xpeng) is involved in a technology secret case with both Tesla and Apple. Tesla accused one of their former engineers of stealing the self-driving technology before taking a job at Xpeng where Ha was president.

“Now Elon Musk is better than me but I can be better than him in the future,” Ha Xiaoguan, CEO and chairman of Xiaopeng Motors electric car company, announced in January 2018.

Last weekend, Ha, 41, also frankly publicly on WeChat personally that Tesla’s lawsuit is questionable. Tesla’s allegations came just eight months after one of Apple’s former employees was accused of trying to trade Apple’s top-secret self-driving technologies for a job at Xpeng. Until now, Xpeng has not been accused of wrongdoing by Apple and Tesla.

On March 12, in an interview with Bloomberg at Xpeng headquarters in Guangzhou, where there was a three-story slide, Ha showed an attitude of disdain for intellectual property theft engineers / engineers.

1. Respect intellectual property

“As an IT engineer, I understand and really respect the intellectual property of people,” Ha said while rocking her leather sandals. “We will not be happy if our intellectual property is stolen by our own employees. Talents don’t want employers to recruit, but we never steal what other companies have done so because it helps us to improve competitiveness. ”

With Ha, beating Elon Musk and Tesla are his goals. However, he will do it with his own strength, not relying on stealing intellectual property.

Intellectual property is not the only front in a self-driving tram battle. Capital is one of the other fronts. Xpeng understands that before they succeed, they will have to “burn money” like Tesla and other electric cars are doing. Xpeng’s tram factory is currently under construction and is only about an hour’s drive from Guangzhou headquarters. Ha is trying to accelerate the completion of his factory to keep up with the speed of the giant Gigafactory factory Tesla is building in Shanghai.

“I used to think it was enough to raise $ 1 billion , said coder Ha Tieu Bang. Ha invested in Xpeng after selling UC Web Inc. for Alibaba in 2014. “But now I think if we raise 4 to 5 billion USD, it will be much better.”

2. Pass America

With the goal of becoming a superpower, China is trying to overcome many different symbols of the United States. Recently, a Chinese billionaire built a larger studio than all the studios in Hollywood and a version of his own Disneyland.

As US-China trade tensions escalate, Chinese entrepreneurs surpass Elon Musk’s surpassing surrealism. The list of candidates who want to beat Musk is growing longer, including Co Dieu Dinh, who is trying to build Faraday Future electric car company in California after his LeShi internet empire collapsed, and scientist 32 Shu Chang’s age, the Chinese media called “Elon Musk China” after successfully launching the nation’s first commercial rocket last year.

But Ha may be one of the most like Elon Musk when he is ready to “troll” Tesla CEO in his own article on Weibo, the Chinese social network. Currently, Ha is seeking additional funds after mobilizing about 10 billion yuan from investors such as e-commerce giant Alibaba and iPhone assembly company Foxconn.

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Ha’s electric car company has a full name, Guangzhou Xiaopeng Motors Technology Co. Ltd. and according to CB Insights data about venture capital projects it is valued at about $ 3.65 billion.

3. Wealthy investors

Thanks to the support of the big guys, Xpeng has had an early and favorable start in the electric car race in China, where half of all electric cars in the world have been sold in recent years. China, the world’s largest car market, is trying to reshape the automotive industry to promote clean energy, renewable energy to clean up air and reduce reliance on gasoline. import. Xpeng’s domestic rivals include automobile manufacturer BYD Co. was invested by Warren Buffett and NIO Inc. startup.

Xpeng is currently hiring partner Haima Automobile Group Co. in Zhengzhou produce their own cars. To speed up the delivery time for passengers, Haimai Automobile is being urged by Xpeng to boost production capacity. Xpeng started selling the electric G3 SUV, their first model, last December but refused to disclose sales.

“Tesla forced customers to wait up to three years to receive the car and Xpeng did not want to be in the same situation,” Linyan Feng, an analyst with EqualOcean.

Because of the tax, the starting price of a Tesla Model 3 in China is twice as high as Xpeng’s G3. “When Tesla finished construction in Shanghai, I think Chinese electric cars will face huge challenges , Feng added.

4. The Sea Coder loves the sea

Young billionaire Ha Xiaoguan was born in Huangshi, in Hubei Province, where his father was an electrical engineer for a cement plant. He studied computer science at South China University of Technology before co-founding UCWeb in 2004. It is estimated that Ha’s total assets are $ 1.3 billion.

In June 2014, Ha sold UCWebs to Alibaba at an undisclosed price. However, analysts say the value of the deal is higher than $ 1.9 billion, becoming the largest acquisition of China’s Internet industry at the time. Also in 2014, Ha and Xia Heng and He Tao founded Xiaopeng Motors. However, Ha did not work at Xpeng but became president of UCWeb and chairman of Alibaba’s Mobile Business Group. Later, Ha continued to serve as president of Tudou & Ali Games.

August 22, 2017 Ha left Alibaba and on August 29, Ha officially took over as CEO and president of Xpeng. Only 3 months later, Xpeng received a large investment from Alibaba. However, due to lack of experience in the car industry, Ha was forced to learn every aspect of the car production process, step by step and every detail. “In the internet, I am an expert,” Ha said in a public appearance. “But in the car industry I’m like an elementary school student.”

Therefore, recruiting talent is the only way to get Xpeng in the right direction. As one of the core talents of the nation, Ha became known and attracted to other talents. He brought it to Xpeng Gu Junli (former Tesla technical expert), Liu Minghui (former vice president of the FAW R&D Institute), Xiong Qingyun (former P&G Chinese director) and Brian Gu (former chairman of JP Morgan) Asia Pacific) 1 of Xpeng’s three musketeers.

Ha wants to expand Xpeng’s R&D team this year, adding hundreds of employees focusing on self-driving technology, artificial intelligence and internet connectivity. The biggest challenge for Xpeng is to educate consumers so that they are familiar with electric cars and Tesla, the company that Ha does not consider to be competitors, will play an important role in helping Xpeng solve this challenge. .

After investing millions of yuan to buy Xiaomi shares in the IPO, Ha said that CEO Lei Jun was the person he most idolized.

Ha promised to save by explorer boat that could break ice and explore the ocean by small submarines and landing boats after helping Xpeng become a famous electric vehicle manufacturer on the market. Before founding Xpeng, he studied the development of floating island settlements.

“I really like the sea,” Ha said. “I always buy many things related to the sea such as boats and equipment , the young chairman owns a yacht in Hong Kong, sharing more.

5. Three musketeers

Ha Tieu Bang and Xia Heng and Brian Gu are called Xpeng’s “Three Guys”. While Xia is in charge of technical issues, Brian is the one who handles all financial affairs.

Xia Heng was the leader, developing Xpeng in the early years. Graduating in Automotive Engineering at Tsinghua University, Xia knows the car industry better than Ha and himself drives Xpeng in the first 3 years, successfully launching the beta car in September 2016.

Meanwhile, Brian Gu was the one who helped Xpeng never fall into financial difficulties. Joining in March 2018, Brian was responsible for global strategy, finance, capital raising, international cooperation, merger and acquisition of Xpeng. Last August, Brian announced that Xpeng will raise $ 30 billion from various sources to enhance the company’s ability to cope with risks as well as eliminate the need to raise capital by IPO.

“The entry of Dr. Brian Gu has perfected the” Three Wild Soldier “, Xpeng’s core management team with strong potential in internet, finance and strategic integration as well as expertise in the automotive industry. “ , Xiaowen claimed.

With the support of two Musketeers Xia Heng and Brian Gu, will Ha Xiaoguan achieve his ambitious goal of defeating Elon Musk and Tesla someday? It is the products and the market that will give us the answer

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