CNBC News Corrections

Xpeng Motors Technology Ltd.'s G3 electric sport utility vehicle (SUV) is displayed at the 2018 Guangzhou International Automobile Exhibition.
China's Xpeng says it will likely raise a 'comparable amount' to the last round of funding, which was $600 million

This article has been corrected to accurately reflect that the President of Xpeng Brian Gu was referring to the delivery target when he said: "I will not make that promise now but we are very comfortable with that target."