Cars EV maker Xpeng programs new plant with nearby governing...

EV maker Xpeng programs new plant with nearby governing administration funding – Reuters Canada

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XPEV.Nstated on Monday it would commence developing a new vehicle plant in China’s southern metropolis of Guangzhou with 4 billion yuan ($590 million) in financing from the community govt.

Xpeng, mentioned in New York and headquartered in Guangzhou, will start off generating automobiles at the manufacturing unit from the finish of 2022. It is by now would make P7 sedans and G3 activity-utility automobiles in two present factories in China.

The Guangzhou city governing administration will supply the funding to Xpeng to make the new plant in the location, Xpeng mentioned in a statement. The new plant will have an once-a-year auto manufacturing capability of a hundred,000 motor vehicles.

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