XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement


Source: avanza.se avanza.se

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Xpeng Inc XPeng and Guangdong Provincial Investment Arm Ink Strategic Agreement (Businesswire) 2021-03-15 15:57 XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced that its subsidiary in China has reached a strategic cooperation agreement with Guangdong Yuecai Investment Holdings Co., Ltd. (“Yuecai”), 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’s subsidiary in China to further accelerate the Company’s business expansion. This press release features multimedia. View the full release here:...