Chinese EV manufacturer XPeng Inc. 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 (“Zhaoqing Base”) located in Guangdong Province.
The Company officially kicked off the Phase Two expansion project at a signing ceremony co-hosted with the Zhaoqing Municipal Government and the Zhaoqing High Technology Industry Development Zone.
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 with the financial and land use support from the local government. The expansion will position XPeng well in capturing the anticipated increasing consumer demand for its smart EVs.
XPeng opened into its wholly-owned factory in Zhaoqing, Guangdong Province, last May. Earlier this year, the company got a $77 million investment from Guangdong Provincial government to further accelerate the company’s business expansion.
Headquartered in Guangzhou, the capital city of Guangdong, XPeng has a strong foothold in the Province. The Company currently employs over 5,000 staff, the majority of them based in Guangdong, and has two wholly-owned intelligent manufacturing bases in the Province, one in full operation in Zhaoqing, and the other under construction in Guangzhou.