Q&A: Why Brian Gu quit JP Morgan for electric car venture

The former JP Morgan veteran talks about how Alibaba-backed XPENG can rival Tesla in China, and his efforts to build $1 billion war chest for the startup this year.

Brian Gu, JP Morgan's former chairman of Asia Pacific investment banking, discusses how his decades in dealmaking will help his startup to secure funding in the face of fierce compeition from other electric-car makers.

In a phone interview with FinanceAsia, Gu, vice-chairman and president of XPENG, talks about the Alibaba-backed company’s plans to raise more capital this year and the advantages it believes it has in China’s rapidly growing electric car market. In his role Gu leads the company’s strategy, financing and investments, as well as developing strategic partnerships globally.

China’s carmakers are quickly turning all-electric. The country’s carmakers sold 680,000...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222