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