XPeng enters into cooperation agreement for new smart EV manufacturing base in Guangzhou; $586M in financing
Green Car Congress
SEPTEMBER 28, 2020
According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone.
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