The Zhaoqing factory of Chinese electric car company XPeng Motors (NYSE: XPEV) has recently changed its registered capital from RMB 500 million to RMB 1.5 billion, a 200% increase, Qichacha data showed.
The change also added non-residential real estate leasing, machinery and equipment leasing, and warehousing equipment leasing services to the business scope.
The company was established in May 2017 with the legal representative Xia Heng, and its business scope includes technical research and development, product development, manufacturing and sales of complete vehicles and parts; technology development, technology transfer and technical consultation of automotive intelligent systems; automotive leasing; and automotive after-sales service.
The groundbreaking ceremony for XPeng Smart Internet Connected Technology Industrial Park in Zhaoqing has been completed in December 2017, which is XPeng's first self-built vehicle production base in the world.
The total planning area of XPeng Intelligent Connected Technology Industrial Park in Zhaoqing is 3,000 acres, of which the vehicle production project covers 1,500 acres, and the factory site has five workshops: stamping, welding, painting, final assembly, and packing.
It has a flexible production line for the final assembly of 4 different types of vehicles and a flexible battery assembly line, with a total of 264 intelligent industrial robots.