XPeng Signs Agreement for Zhaoqing Smart EV Manufacturing Base Phase Two Expansion Project

xpeng
(Source: Xpeng)

Chinese EV maker XPeng announced today it has signed an agreement with the Zhaoqing Municipal Government and the Zhaoqing High Technology Industry Development Zone to build the Phase Two expansion project of the XPeng Zhaoqing Smart EV Manufacturing Base located in Guangdong Province.

Upon completion, the Phase Two expansion project will increase the design production capacity at the Zhaoqing Base from 100,000 units to 200,000 units per annum. Financial and land use will have support from the local government. The expansion will position XPeng well in capturing the anticipated increase in consumer demand for its smart EVs.

“The XPeng Zhaoqing Smart EV Manufacturing Base began construction at the end of 2017 and put into production in May 2020. Our production capacity has increased from one or two hundred units a month at the beginning to more than 700 units at the peak this month,” Xia Heng, co-founder and president of Xpeng, said at the ceremony.