On September 28th, according to an official announcement from XPeng Motors, the XPeng Guangzhou Smart Manufacturing Base was officially laid foundation in the Intelligent Equipment Zone of Guangzhou Knowledge City.
Those present included Zhang Shuofu, member of the Standing Committee of the Guangdong Provincial Party Committee and Secretary of the Guangzhou Municipal Party Committee, Zhou Yawei, member of the Guangzhou Municipal Party Committee and Secretary of the Huangpu District Party Committee, Lin Daoping, Deputy Mayor of Guangzhou, Chen Yong, Deputy Secretary of the Huangpu District Party Committee and District Head, He XPeng, Chairman and CEO of XPeng Motors, and Xia Heng, Co-Founder and President of XPeng Motors.
The XPeng Guangzhou plant is slated for completion and operation by the end of 2022. It will have five major process workshops, including stamping, welding, painting, final assembly, and battery pack, and will be used for R&D and production of new models under XPeng Motors. This is the second major factory of XPeng Motors after its Zhaoqing plant.
XPeng’s previous financial report revealed that they will develop a pure electric sedan and a pure electric SUV based on the G3 David platform and P7 Edward platform respectively. The former has already been spotted in road tests. Judging from the timeline, the launch of the new SUV should be close to the completion of the factory, and Guangzhou plant may be involved in the R&D and production of the corresponding models.
In addition, XPeng Motors also announced an agreement with Guangzhou Kaito Investment Holding Co., Ltd., a wholly-owned enterprise of Guangzhou Development District Management Committee, to provide RMB 4 billion in financing to support XPeng Motors’ accelerated expansion of its business, including the construction of a new Smart Manufacturing Base in Guangzhou Economic and Technological Development Zone and the purchase of factory equipment and other investment projects.
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.