Huitian secures nearly $200 million in a new funding round, with Hillhouse Innovation and Sequoia China participating in additional investments.

WealthCoffee · 2026-03-15T05:34:10+00:00

Guangdong Hui Tian Aerospace Technology Company completed a nearly $200 million equity financing round, with investors including Hillhouse Innovation Fund. Industry insiders speculate this is a Pre-IPO round financing ahead of its listing, with potential Hong Kong IPO in the future. The joining of CFO Du Chao is seen as preparation for the upcoming listing.

WealthCoffee

2026-03-15 05:34:10

Abstract generation in progress

Caixin Guangdong Huitian Aerospace Technology Co., Ltd. (hereinafter referred to as “Huitian”) announced on March 13 that it recently completed a nearly $200 million new round of equity financing, with investment institutions including Hillhouse Capital, Sequoia China, GaoRong Venture Capital, and Dachen Financial. Huitian is the main developer of flying cars for XPeng Motors (NYSE: XPEV).

Industry insiders speculate that Huitian’s introduction of large institutional investors may be a pre-IPO financing round before the company’s listing. By the end of January 2026, market rumors suggested that Huitian had hired an investment bank to plan a listing in Hong Kong.

Huitian has not responded to the above news. In June 2025, Huitian announced that Du Chao joined the company as CFO. Du Chao has nearly 20 years of experience in investment banking and corporate finance, having previously served as CFO at Yiqi Education Technology (NASDAQ: YQ), during which he helped the company complete its NASDAQ listing. The market generally believes that Huitian’s hiring of experienced financial professionals is aimed at paving the way for the company’s IPO.

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