XPeng Motors established a new car sales company in the southwestern Chinese city of Kunming on Tuesday, which is 100 percent owned by XPeng Automobile Sales Co, according to data provider Qichacha.
The company has a registered capital of RMB 10 million ($1.549 million) and its legal representative is Zhu Yanhua.
Its business scope includes new energy vehicle sales, car leasing, and auto parts wholesale.
XPeng Automobile Sales Co was established on January 8, 2018, with a registered capital of RMB 1.5 billion, and its legal representative is Henry Xia, co-founder, and president of XPeng.
As of now, the company holds shares in 56 companies.
XPeng established a new car sales company in Guangzhou, where it is headquartered, on August 10 with a registered capital of RMB 250 million.
XPeng also established a new car sales and service company in Changsha, central China, on August 10. The new company's business scope covers the sale of new energy vehicles, new energy vehicle parts and accessories, branded cars, automotive power batteries and the operation of used cars.
XPeng delivered 8,040 vehicles in July, its highest monthly delivery record, up 228 percent year-over-year and up 22 percent from June. Among them, the company's flagship sedan, the P7, delivered 6,054 vehicles in July, the highest monthly delivery record since its delivery, according to data released by XPeng on Aug. 2.
XPeng expects deliveries of 21,500 to 22,500 vehicles in the third quarter of this year, an increase of about 150.6 percent to 162.3 percent year-over-year.
(Photo source: CnEVPost)