According to the Tianyancha App, on October 19th, Guangzhou Xiaopeng Automotive Investment Co., Ltd. underwent a business change. Xia Heng resigned as the legal representative, executive director, and general manager, and Chen Zhiyuan took over as the legal representative, executive director, and manager. The company was established in January 2018 with a registered capital of 10 million RMB and is indirectly wholly-owned by Guangdong Xiaopeng Automotive Technology Co., Ltd.