He Xiaopeng: Huitian has completed a new round of equity financing, totaling 1 billion USD, maintaining its position as the industry leader.

Fast Technology, March 13 — Xiaopeng He announced today that Huitian has recently completed a nearly $200 million new round of equity financing, with participation from institutions such as Hillhouse Capital, Sequoia China, GaoRong Venture Capital, and Dachen Financial.

After this financing, Huitian’s total funding has reached approximately $1 billion, firmly ranking first in the Asian manned low-altitude flight industry.

Xiaopeng He stated that the low-altitude economy is a slow-starting sector that requires significant investment, but its future market size and profit potential are enormous.

The completion of this round of financing will provide sufficient capacity and resources to ensure the high-quality delivery of Huitian’s core product, the Land Carrier, and subsequent series of products, further advancing the mass production process of the Land Carrier.

As a leading company in the low-altitude economy sector, Huitian’s world’s first mass-produced flying car factory began trial production in September 2025, and by March 2026, it had completed batch trial production and multiple aircraft test flights, marking the company’s transition from R&D validation to commercial mass production.