{"id":473707,"date":"2021-04-08T09:33:20","date_gmt":"2021-04-08T13:33:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473707"},"modified":"2021-04-08T09:33:20","modified_gmt":"2021-04-08T13:33:20","slug":"xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/","title":{"rendered":"XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }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 Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan<\/b><\/p>\n<p class=\"bwalignc\"><b>Strategic Move to Embrace Future Growth<\/b>\u00a0\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nCity of Wuhan supports XPeng to build a Smart EV manufacturing facility\n<\/li>\n<li>\nNew facility has an annual capacity of 100,000 units with manufacturing and powertrain plants\n<\/li>\n<li>\nCompany in pole position to accelerate auto sector\u2019s EV penetration in China\n<\/li>\n<\/ul>\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 (Smart EV) company, today entered into a cooperation agreement with the City of Wuhan to build a new XPeng Motors Wuhan Smart EV Manufacturing Base.\n<\/p>\n<p>\nWith an annual capacity by 100,000 units, the Company is well positioned to capture growing consumer demand for Smart EVs as the auto sector is experiencing the most significant transformation over decades.\n<\/p>\n<p>\nSupported by the Wuhan government, XPeng will commence the construction of the new manufacturing base, covering a planned area of over 733,000 square meters, and featuring manufacturing and powertrain plants, as well as R&amp;D facilities.\n<\/p>\n<p>\nKnown as one of China\u2019s major automobile hubs, Wuhan is one of the country\u2019s six key passenger vehicle manufacturing centers, with a well-developed auto supply chain and ancillary facilities, benefiting from its superior geographic location as China\u2019s high-speed rail, expressway and water transportation hub. As the capital of Hubei Province, Wuhan has a population of more than 11 million &#8211; the most populous city in Central China &#8211; and its GDP exceeded RMB1,561 billion in 2020.\n<\/p>\n<p>\nExpanding into China\u2019s major auto manufacturing hub with strong local government support is another landmark in XPeng\u2019s strategic development. The cooperation agreement highlights the comprehensive support from the Wuhan government and its recognition of XPeng\u2019s leading role in the Smart EV sector.\n<\/p>\n<p>\n\u201cSmart EVs are booming in popularity in China. We have a long-term strategic roadmap to embrace the sector\u2019s transformation. Expanding our capacity in key hubs like Wuhan plays a critical role,\u201d said Mr. He Xiaopeng, Chairman and CEO of XPeng at the signing ceremony in Wuhan today. \u201cWuhan\u2019s strategic location as an auto manufacturing and distribution hub will further enhance our supply chain management, sales and distribution network in the future,\u201d Mr. He continued.\n<\/p>\n<p>\n\u201cOur technology know-how will help the city enrich and upgrade its Smart EV industrial capability, strengthening its pivotal role as an auto hub for the future,\u201d added Mr. He.\n<\/p>\n<p>\nChina&#8217;s new energy vehicle market continues to gain momentum, underlined by a record-breaking sales volume of over 1.3 million in 2020.\n<\/p>\n<p>\nXPeng\u2019s new Smart EV manufacturing base will also support Wuhan\u2019s strategic priorities of transforming and modernizing the city\u2019s industrial facilities, and auto manufacturing value chain, creating major innovation clusters and employment opportunities to power the auto industry of the future.\n<\/p>\n<p><b>About XPeng<\/b><\/p>\n<p>\nXPeng Inc. 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=52408637&amp;newsitemid=20210408005568&amp;lan=en-US&amp;anchor=https%3A%2F%2Fen.xiaopeng.com&amp;index=1&amp;md5=e919a22883f193c4b4011483f347cb3a\">https:\/\/en.xiaopeng.com<\/a>.\n<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>\nThis announcement contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates\u201d and similar statements. Statements that are not historical facts, including statements about XPeng\u2019s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPeng\u2019s goal and strategies; XPeng\u2019s expansion plans; XPeng\u2019s future business development, financial condition and results of operations; the trends in, and size of, China\u2019s EV market; XPeng\u2019s expectations regarding demand for, and market acceptance of, its products and services; XPeng\u2019s expectations regarding its relationships with customers, contract manufacturers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPeng\u2019s filings with the SEC. All information provided in this press release is as of the date of this press release, and XPeng does not undertake any obligation to update any forward-looking statement, except as required under applicable law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210408005568r1&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\/20210408005568\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210408005568\/en\/<\/a><\/span><\/p>\n<p><b>For Investor Enquiries:<\/b><\/p>\n<p>\nIR Department<br \/>\n<br \/>XPeng Inc.<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:ir@xiaopeng.com\">ir@xiaopeng.com<\/a><\/p>\n<p>\nJenny Cai<br \/>\n<br \/>The Piacente Group<br \/>\n<br \/>Tel: +1-212-481-2050 or +86-10-6508-0677<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:xpeng@tpg-ir.com\">xpeng@tpg-ir.com<\/a><\/p>\n<p><b>For Media Enquiries:<\/b><\/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> Software Hardware Alternative Vehicles\/Fuels Automotive Technology Automotive Manufacturing General Automotive Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan Strategic Move to Embrace Future Growth\u00a0 City of Wuhan supports XPeng to build a Smart EV manufacturing facility New facility has an annual capacity of 100,000 units with manufacturing and powertrain plants Company in pole position to accelerate auto sector\u2019s EV penetration in China GUANGZHOU, China&#8211;(BUSINESS WIRE)&#8211; XPeng Inc. (\u201cXPeng\u201d or the \u201cCompany\u201d, NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, today entered into a cooperation agreement with the City of Wuhan to build a new XPeng Motors Wuhan Smart EV Manufacturing Base. With an annual capacity by 100,000 units, the Company is well positioned to capture growing consumer demand for Smart EVs as the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan&#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-473707","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan - 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-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan Strategic Move to Embrace Future Growth\u00a0 City of Wuhan supports XPeng to build a Smart EV manufacturing facility New facility has an annual capacity of 100,000 units with manufacturing and powertrain plants Company in pole position to accelerate auto sector\u2019s EV penetration in China GUANGZHOU, China&#8211;(BUSINESS WIRE)&#8211; XPeng Inc. (\u201cXPeng\u201d or the \u201cCompany\u201d, NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, today entered into a cooperation agreement with the City of Wuhan to build a new XPeng Motors Wuhan Smart EV Manufacturing Base. 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(\u201cXPeng\u201d or the \u201cCompany\u201d, NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, today entered into a cooperation agreement with the City of Wuhan to build a new XPeng Motors Wuhan Smart EV Manufacturing Base. With an annual capacity by 100,000 units, the Company is well positioned to capture growing consumer demand for Smart EVs as the &hellip; Continue reading \"XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-08T13:33:20+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210408005568r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan","datePublished":"2021-04-08T13:33:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/"},"wordCount":903,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210408005568r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/xpeng-inks-cooperation-agreement-for-new-smart-ev-manufacturing-base-in-wuhan\/","name":"XPeng Inks Cooperation Agreement for New Smart EV Manufacturing Base in Wuhan - 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