Chinese EV start-up Xpeng to build factory in Wuhan less than a year after putting first plant to work, as EV demand soars

Published Apr 08 2021 at 1:24 PM GMT
Key
Points
  • Chinese electric vehicle (EV) start-up Xpeng Motors, which counts Alibaba Group Holding and Xiaomi among its backers, is building a factory less than a year after its first assembly facility went online.
  • The New York Stock Exchange-listed carmaker will build a7 89 million sq ft factory in Wuhan, it said on Thursday.
  • The facility will have the capacity to assemble 100,000 EVs a year, Xpeng said.“We have a long-term strategic road map to embrace the (EV) sector’s transformation,” said He Xiaopeng….




Stats

  • Published Apr 8, 2021 1:24 PM GMT