(Photo source: CnEVPost)
Nio is building its iconic battery swap stations at a rapid pace, while its local counterpart Xpeng Motors appears to be focusing on opening new car sales companies.
Xpeng launched two new car sales companies in China on July 26, in Hangzhou, Zhejiang province, and Dezhou, Shandong province, both in eastern China, according to data provider Qichacha.
The Hangzhou-based sales company, whose legal representative is Zhu Yanhua, has a registered capital of RMB 100 million ($15.36 million) and is 100 percent owned by Xpeng Sales Co.
The company's business scope includes sales of new energy vehicles, leasing and operating services for small and micro buses, wholesale of auto parts and accessories, and sales of electric accessories for new energy vehicles.
The Dezhou-based sales company, also represented by Zhu, has a registered capital of RMB 10 million and is 100 percent owned by Xpeng Sales Co.
The company's business scope includes electric vehicle sales, motor vehicle charging sales, lubricant sales, and used vehicle appraisal and evaluation.
Earlier, on June 18, Xpeng established a car sales company in Weihai, eastern China's Shandong Province, with a registered capital of RMB 10 million.
On June 17, Xpeng established a car sales company in Yancheng City, Jiangsu Province in eastern China with a registered capital of RMB 10 million.
Xpeng's June deliveries reached 6,565 units, up 15 percent from the previous month and up to 617 percent year-over-year.
Xpeng's first-half deliveries reached 30,738 units, already surpassing last year's 27,041 deliveries for the entire year.
