EV Maker XPeng To Expand Production Capacity In Zhaoqing Manufacturing Hub

by Shivani Kumaresan, Benzinga Staff Writer
August 18, 2021 7:21 AM | 1 min read |
  • Electric vehicle company XPeng Inc XPEV has signed an agreement with the Zhaoqing Municipal Government and the Zhaoqing High Technology Industry Development Zone to expand XPeng Zhaoqing Smart EV Manufacturing Base in Guangdong Province.
  • The Phase Two expansion project is expected to boost the design production capacity at the Zhaoqing Base from 100,000 units to 200,000 units per annum.
  • The move will help XPeng to capture the increasing consumer demand for its smart EVs. 
  • Price Action: XPEV shares are trading higher by 2.22% at $38.71 in premarket on the last check Wednesday.
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