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

GUANGZHOU, China–(BUSINESS WIRE)–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.

Known…