On August 14th, according to the National Enterprise Credit Information Publicity System, XPeng Motors established Hangzhou XPeng Travel Technology Co., Ltd. on August 14th, with a registered capital of RMB 5 million, which is wholly-owned by Guangzhou XPeng Smart Travel Technology Co., Ltd. and has Zhu Yanhua as its legal representative.
The company’s business scope includes: operation of electric vehicle charging infrastructure, sales of intelligent power distribution and control equipment, sales of distributed AC charging piles, sale of used cars, sales of motor vehicle charging, domestic trade agency, sales of new energy vehicles and so on.
Recently, XPeng Motors’ investments also included the establishment of Guangdong XPeng Automobile Industry Holdings Co., Ltd. with an investment of RMB 500 million, the establishment of Zhaoqing XPeng New Energy Investment Co., Ltd. with an investment of RMB 100 million, and the joint establishment of Qingyan Huake New Energy Research Institute with BYD and other companies.
In addition, on April 8th, XPeng Auto Sales Co., Ltd.’s registered capital increased from RMB 500 million to RMB 1.5 billion, a growth rate of 200%, which is only 5 months after the last capital increase. At the same time, the company’s enterprise type also changed from “wholly foreign-owned enterprise legal person” to “legal person solely owned by Chinese”.
List of XPeng Motors’ recently established subsidiaries:
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April 1: investment in and establishment of ChuXiong XPeng Smart Travel Technology Co., Ltd., with a registered capital of RMB 2 million;
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April 9: establishment of Guangzhou XPeng Auto Trade Co., Ltd., with a registered capital of RMB 10 million;
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May 26: establishment of Shanghai Zhipeng Auto Sales Service Co., Ltd., with a registered capital of RMB 10 million;
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August 14: establishment of Hangzhou XPeng Travel Technology Co., Ltd., with a registered capital of RMB 5 million;
At the beginning of this month, XPeng Motors had just submitted its prospectus to NASDAQ, and now it can be seen that the company’s new round of business layout is clearly accelerating.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.