Production of new energy vehicles in Guangdong province, where Xpeng Motors is headquartered, rose 230.8 percent in the first half of the year, accounting for 13.9 percent of China's total, the local government said in a July 26 release, without providing the exact production figure.
The province has stepped up efforts to coordinate chip protection for key companies such as GAC, Xpeng Motors and Dongfeng Nissan amid the recent global chip supply crunch, it said.
The local auto industry added value of RMB 90.39 billion in the first half of the year, up 24.2 percent year-over-year.
The province's 10 pillar industries and emerging industries have a total of 161,200 enterprises, and their added value was RMB 2,220 billion, up 17.6 percent year-over-year, or 4.6 percentage points higher than the province's economic growth rate.
The province's integrated circuit design industry posted revenue of RMB 90.11 billion in the first half of the year, up 36.5 percent.
Revenue from local intelligent robotics, high-end equipment manufacturing and cutting-edge new materials grew 55.5 percent, 42 percent and 39.5 percent, respectively.
By the end of June, the province had promoted the digital transformation of 17,000 industrial enterprises and driven 550,000 enterprises to use cloud platforms.
Xpeng, Nio are top NEV firms with highest number of fundings in past 10 years, report says
(Photo source: Xpeng)
More From CnEVPost
