Chinese electric car startup Xpeng Motors has recently established the Zhaoqing Xpeng New Energy Investment Co., Ltd., with a registered capital of 100 million yuan. Its legal representative is Xia Yan, co-founder and president of Xpeng.

The company's business scope includes self-owned investment, energy management services, battery charging services for electric vehicles, research and development of electric vehicles, and technical services.

Zhaoqing Xpeng Co., Ltd. is wholly owned by Xpeng's operating entity, Guangzhou Orange Xingzhidong Automotive Technology Co., Ltd., while Zhaoqing Kunpeng Automobile Technology Co., Ltd. is held by Xia Yan and Xpeng co-founder He Tao each holding 50%. Xia Yan’s actual holding is 25% and he is the suspected actual controller.

In this regard, Xpeng said that the main purpose of establishing a new company is to improve the layout of the supply chain.

Xpeng has resumed work on February 10th, and the high-profile second brand new product, the P7, will be available in the second quarter of this year and start delivery.

Xpeng sets up new energy investment firm with 100M investment-CnEVPost

The Xpeng P7 is equipped with the world's latest generation of square battery packs, with a rated energy of 80.87kWh and an energy density of> 160Wh/kg. It brings NEDC integration of 550 + km (four-wheel drive high-performance models) to 650 + km (rear-drive super-long battery life) recharge mileage.

At the same time, the battery pack has a superior fast charge boundary and low temperature charge boundary. It can be fully charged from 30% to 80% in 28 minutes, and it can achieve a NEDC range of nearly 120km in 10 minutes, ensuring the Xpeng P7's long battery life and fast charging. And normal use in winter.

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