An Xpeng factory in Guangdong province. The credit line suggests China is ramping up support for leading EV players. Photo: Iris Ouyang An Xpeng factory in Guangdong province. The credit line suggests China is ramping up support for leading EV players. Photo: Iris Ouyang
An Xpeng factory in Guangdong province. The credit line suggests China is ramping up support for leading EV players. Photo: Iris Ouyang
Autos

Xpeng’s US$1.98 billion credit line from state-owned banks suggests China is throwing weight behind leading electric vehicle firms

  • Company secures credit from Agricultural Bank of China, Bank of China, China Construction Bank, China Citic Bank and Guangzhou Rural Commercial Bank
  • Expect more loans will be extended to top electric vehicle companies: industry observer

Topic |   Autos
An Xpeng factory in Guangdong province. The credit line suggests China is ramping up support for leading EV players. Photo: Iris Ouyang An Xpeng factory in Guangdong province. The credit line suggests China is ramping up support for leading EV players. Photo: Iris Ouyang
An Xpeng factory in Guangdong province. The credit line suggests China is ramping up support for leading EV players. Photo: Iris Ouyang
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