Xpeng Motors established a new car sales company in Sanya, Hainan Province, southern China, on July 7, with registered capital of RMB 10 million ($1.55 million), according to data provider Qichacha.
The company is 100 percent owned by Xpeng and its business scope includes new energy vehicle sales, car leasing, auto parts and accessories wholesale, new energy vehicle electric accessories and battery swap facilities sales.
This is one of a large number of car sales companies that Xpeng has set up in China this year, and so far Xpeng has set up at least 14 new companies in China, mostly for car sales.
Xpeng Motors delivered a record 6,565 units in June, up 15 percent sequentially from 5,686 units in May and up 617 percent year-over-year.
The company delivered 17,398 units in the second quarter, also the strongest quarterly delivery result ever.
Xpeng's cumulative deliveries for the first half of the year have already surpassed deliveries for all of 2020, reaching 30,738 units, 5.6 times more than the same period last year.
At the end of June 2021, Xpeng's cumulative deliveries for the year reached 30,738 units, 5.6 times more than the same period last year.
Brian Gu, the company's vice chairman and president, said Wednesday that he is confident in Xpeng's second-half sales.
Xpeng Chairman and CEO He Xiaopeng said a new product platform for international markets will be launched within two years and will be developed with global automotive regulatory norms in mind.
