He Xiaopeng, chairman and chief executive of Xpeng, said funding from the Guangzhou government will help the carmaker ramp up its expansion plans. Photo: Simon Song
Tesla challenger Xpeng to get US$587 million from Guangzhou government to power growth, build new factory
- Xpeng Motors is building a new plant in Guangzhou which is expected to start production by December 2022
- China’s electric car start-ups are on a roll this year, in part boosted by Tesla’s spectacular stock price performance
He Xiaopeng, chairman and chief executive of Xpeng, said funding from the Guangzhou government will help the carmaker ramp up its expansion plans. Photo: Simon Song
