April 22, 2021
Business News

XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan

GUANGZHOU, China–()–XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, today entered into a cooperation agreement with the City of Wuhan to build a new XPeng Motors Wuhan Smart EV Manufacturing Base.

With an annual capacity by 100,000 units, the Company is well positioned to capture growing consumer demand for Smart EVs as the auto sector is experiencing the most significant transformation over decades.

Supported by the Wuhan government, XPeng will commence the construction of the new manufacturing base, covering a planned area of over 733,000 square meters, and featuring manufacturing and powertrain plants, as well as R&D facilities.


Click here to view the original article.

Related Posts

You might also like ...

Many Wireless Customers in Canada Underwhelmed by Network Reliability and Speed, J.D. Power Finds
AM Best Revises Outlooks to Positive for Convex Group Limited’s Subsidiaries
2021 National Awards for Interprofessional Collaborative Practice Announced by IPEC and PHS Commissioned Officers Foundation for the Advancement of Public Health (COF)