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XPeng Clarifies Rumors of Subsidiary Battery Swapping Business
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XPeng Clarifies Rumors of Subsidiary Battery Swapping Business

Feb 18, 2022
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XPeng Clarifies Rumors of Subsidiary Battery Swapping Business
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(Source: XPeng)

According to Chinese enterprise data platform Tianyancha, Guangzhou-headquartered electric vehicle manufacturer XPeng Motors has established a new subsidiary named Shanghai Pengxu Automobile Sales & Service Co., Ltd., with a registered capital of 5 million yuan ($789,577).

The business scope of the new company includes the sale of battery …

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