{"id":457797,"date":"2021-03-15T11:00:12","date_gmt":"2021-03-15T15:00:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457797"},"modified":"2021-03-15T11:00:12","modified_gmt":"2021-03-15T15:00:12","slug":"xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\/","title":{"rendered":"XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement<\/b><\/p>\n<p>GUANGZHOU, China&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nXPeng Inc. (\u201cXPeng\u201d or the \u201cCompany\u201d, NYSE: XPEV), a leading Chinese smart electric vehicle (\u201cSmart EV\u201d) company, today announced that its subsidiary in China has reached a strategic cooperation agreement with Guangdong Yuecai Investment Holdings Co., Ltd. (\u201cYuecai\u201d), the investment arm of the Guangdong provincial government. Pursuant to the agreement, Yuecai will invest a total of RMB500 million, through the Guangdong Industrial Development Fund, in XPeng\u2019s subsidiary in China to further accelerate the Company\u2019s business expansion.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210315005543\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210315005543\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210315005543\/en\/865106\/4\/222-3586.jpg\" alt=\"XPeng and Guangdong Industrial Development Fund signing ceremony (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">XPeng and Guangdong Industrial Development Fund signing ceremony (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nThe investment recognizes XPeng\u2019s leadership position in the Smart EV industry in China and its strategy of developing proprietary R&amp;D tailored for local customer needs. The investment also acknowledges XPeng\u2019s significant contributions to local economic development, in particular to the transition of the automobile sector, developing advanced EV technologies, and building the connected and intelligent mobility ecosystem and supply chain, as well as to the local talent base expansion in Guangdong Province.\n<\/p>\n<p>\nThe Guangdong Industrial Development Fund promotes high quality developments in the manufacturing industry with a keen focus on the strategic development of the automobile industry, one of the economic pillars of Guangdong. The investment in XPeng creates a win-win solution, not only enhancing XPeng\u2019s leading role in the Smart EV sector but also accelerating the automobile industry\u2019s strategic transition in Guangdong.\n<\/p>\n<p>\nHeadquartered in Guangzhou, the capital city of Guangdong, XPeng has a strong foothold in the Province. The Company currently employs over 5,000 staff, the majority of them based in Guangdong, and has two wholly-owned intelligent manufacturing bases in the Province, one in full operation in Zhaoqing, and the other under construction in Guangzhou.\n<\/p>\n<p>\nA key component of China\u2019s Greater Bay Area, Guangdong Province is the largest contributor to the country\u2019s GDP. In 2020, the GDP of Guangdong Province exceeded RMB11 trillion, marking its top GDP ranking in China for 32 consecutive years.\n<\/p>\n<p>\n\u201cGuangdong is our birthplace, where we design, innovate, research and build our products. It has nurtured our growth and witnessed our progress for the past six years. This investment from the Guangdong provincial government reinforces our commitment to driving Smart EV transformation with technology and data, and to building a comprehensive EV infrastructure in the fastest-growing areas of China,\u201d said He Xiaopeng, Chairman and CEO of XPeng at the signing ceremony.\n<\/p>\n<p>\nThe Guangdong Industrial Development Fund manages RMB50 billion of assets, focusing on industrial upgrading and reform developments to foster growth in emerging sectors such as information technology, high-end equipment manufacturing, new energy and biomedicine.\n<\/p>\n<p><b>About Xpeng<\/b><\/p>\n<p>\nXpeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers\u2019 mobility experience, Xpeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification\/electronic architecture. Xpeng is headquartered in Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley and San Diego. The Company\u2019s Smart EVs are manufactured at plants in Zhaoqing and Zhengzhou, located in Guangdong and Henan provinces, respectively. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fen.xiaopeng.com&amp;esheet=52395915&amp;newsitemid=20210315005543&amp;lan=en-US&amp;anchor=https%3A%2F%2Fen.xiaopeng.com&amp;index=1&amp;md5=4747e7122cf5959294f58bd18e901937\">https:\/\/en.xiaopeng.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210315005543r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210315005543\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210315005543\/en\/<\/a><\/span><\/p>\n<p>\nMarie Cheung<br \/>\n<br \/>XPeng Inc.<br \/>\n<br \/>Tel: +852-9750-5170 or +86-1550-7577-546<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:mariecheung@xiaopeng.com\">mariecheung@xiaopeng.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> China Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Consumer Electronics Automotive General Automotive Technology Alternative Vehicles\/Fuels Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210315005543\/en\/865106\/3\/222-3586.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">XPeng and Guangdong Industrial Development Fund signing ceremony (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement GUANGZHOU, China&#8211;(BUSINESS WIRE)&#8211; XPeng Inc. (\u201cXPeng\u201d or the \u201cCompany\u201d, NYSE: XPEV), a leading Chinese smart electric vehicle (\u201cSmart EV\u201d) company, today announced that its subsidiary in China has reached a strategic cooperation agreement with Guangdong Yuecai Investment Holdings Co., Ltd. (\u201cYuecai\u201d), the investment arm of the Guangdong provincial government. Pursuant to the agreement, Yuecai will invest a total of RMB500 million, through the Guangdong Industrial Development Fund, in XPeng\u2019s subsidiary in China to further accelerate the Company\u2019s business expansion. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210315005543\/en\/ XPeng and Guangdong Industrial Development Fund signing ceremony (Photo: Business Wire) The investment recognizes XPeng\u2019s leadership position in the Smart EV &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457797","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement GUANGZHOU, China&#8211;(BUSINESS WIRE)&#8211; XPeng Inc. (\u201cXPeng\u201d or the \u201cCompany\u201d, NYSE: XPEV), a leading Chinese smart electric vehicle (\u201cSmart EV\u201d) company, today announced that its subsidiary in China has reached a strategic cooperation agreement with Guangdong Yuecai Investment Holdings Co., Ltd. (\u201cYuecai\u201d), the investment arm of the Guangdong provincial government. Pursuant to the agreement, Yuecai will invest a total of RMB500 million, through the Guangdong Industrial Development Fund, in XPeng\u2019s subsidiary in China to further accelerate the Company\u2019s business expansion. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210315005543\/en\/ XPeng and Guangdong Industrial Development Fund signing ceremony (Photo: Business Wire) The investment recognizes XPeng\u2019s leadership position in the Smart EV &hellip; Continue reading &quot;XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T15:00:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210315005543\/en\/865106\/4\/222-3586.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement\",\"datePublished\":\"2021-03-15T15:00:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\\\/\"},\"wordCount\":652,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210315005543\\\/en\\\/865106\\\/4\\\/222-3586.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xpeng-and-guangdong-provincial-investment-arm-ink-strategic-agreement\\\/\",\"name\":\"XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement - 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(\u201cXPeng\u201d or the \u201cCompany\u201d, NYSE: XPEV), a leading Chinese smart electric vehicle (\u201cSmart EV\u201d) company, today announced that its subsidiary in China has reached a strategic cooperation agreement with Guangdong Yuecai Investment Holdings Co., Ltd. (\u201cYuecai\u201d), the investment arm of the Guangdong provincial government. Pursuant to the agreement, Yuecai will invest a total of RMB500 million, through the Guangdong Industrial Development Fund, in XPeng\u2019s subsidiary in China to further accelerate the Company\u2019s business expansion. This press release features multimedia. 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