Xpeng’s flying car unit Aridge has confidentially filed for an initial public offering in Hong Kong, with a potential share sale as early as this year, according to a Bloomberg report citing people familiar with the matter.
The sources said Aridge has selected JPMorgan and Morgan Stanley to prepare for the listing. The move would mark a significant step in Xpeng’s efforts to commercialise its low-altitude aviation business alongside its core electric vehicle operations.
See also: Xpeng Unveils A868 Flying Car Under Aridge Brand at 2025 AI Day
Aridge traces its origins to 2013 and was formally established in 2020 as a technology division majority-owned by Guangzhou-based Xpeng and its chairman and chief executive, He Xiaopeng. The unit was previously known as Xpeng Aeroht before being renamed Aridge in October 2025. The company said at the time that the name combines “Air” and “Bridge,” reflecting its ambition to connect ground and air mobility.
The unit last raised capital in July 2025, when it completed a $250 million Series B funding round. In June 2025, Aridge appointed Du Chao, a former Deutsche Bank banker, as its first chief financial officer, a move widely seen as preparation for a potential public listing.
See also: Xpeng’s Aridge Completes First Flying Car Body, Marks Step Toward Mass Production
Xpeng has said its flying car roadmap includes both electric vertical takeoff and landing (eVTOL) aircraft and modular flying car systems. The modular concept consists of a detachable flying unit paired with a ground vehicle that can transport and recharge it.
Aridge has built a flying car factory in Guangzhou and is targeting the start of deliveries in 2026, with plans for modern assembly-line production. At Xpeng’s AI Day event in November 2025, the company unveiled Aridge’s latest model, the A868, a hybrid-powered flying car designed for multi-passenger, long-distance travel.
See also: Xpeng’s Flying Car Unit Rebrands as Aridge, Unveils New Long-Range Model
Xpeng said the A868 has a range of more than 500 kilometres, can carry up to six passengers and reach a top speed exceeding 360 km/h. The prototype has entered the test flight phase, the company said, as Aridge moves closer to commercial deployment.