XPeng grants 7.5 billion yuan credit line from Agricultural Bank of China – ChinaPulse.com – China News, Data, Media Intelligence and Insights

Shanghai (Gas Goo)- XPeng collaborates with Agricultural Bank of China ("ABC") Guangdong branch on April 27 on a credit line of up to 7.5 billion yuan ($ 1.143 billion), the largest amount ABC has ever granted to NEV. Announced that it has signed an agreement. Startup in China. Signing agreement for XPeng and ABC's Guangdong branch. Photo provider: XPeng Under the contract, the credit line will be used to support the operation and development of XPeng's automotive business. The final move represents mutual trust between the parties and ABC's high awareness of XPeng's industrial status and development prospects. XPeng said…