XPeng Inc - ADR

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Debt Financing / Related, Strategic Combinations

Xpeng Announces Cooperation Agreement For New Smart Ev Manufacturing Base In Guangzhou

Published: 09/28/2020 03:36 GMT
XPeng Inc - ADR (XPEV) - Xpeng Announces Cooperation Agreement for New Smart Ev Manufacturing Base in Guangzhou.
Guangzhou Get Investment Agrees to Provide Rmb4 Billion in Financing.
Xpeng - Co's Wholly Owned Subsidiary Guangdong Xiaopeng Motors Technology Entered Into a Cooperation Agreement With Guangzhou Get Investment Holdings.
Under Cooperation Agreement, Guangzhou Get Investment Will Invest Up to Rmb1.3 Billion to Construct Smart Ev Manufacturing Base.
Smart Ev Manufacturing Base is Expected to Commence Production by December 2022.
Guangzhou Get Investment Also Agreed to Provide Or Facilitate Rmb1.2 Billion in Financing to Operating Subsidiary.