XPeng Secures RMB 10 Billion Credit Line from ICBC Guangdong, Unveils Four New Models

XPeng Inc. recently signed a strategic cooperation agreement with the Guangdong Branch of Industrial and Commercial Bank of China (ICBC), securing a credit line of RMB 10 billion. The funds will be used for financing, international operations, cash management, and other purposes. He Xiaopeng, Chairman of XPeng, expressed gratitude to all parties for their support and stated that the company will continue to increase its investment in Zhaoqing, home to XPeng’s first self-built global vehicle production base located in the Zhaoqing High-Tech Industrial Development Zone. In 2025, XPeng delivered a total of 429,445 vehicles, a 126% year-over-year increase, including 45,008 units delivered overseas, up 96% year-over-year. On the same day, XPeng unveiled four new models: the G7 Super Range-Extended SUV (starting at RMB 195,800), the 2026 G6 (starting at RMB 176,800), the 2026 G9 (starting at RMB 248,800), and the 2026 P7+ (starting at RMB 186,800). All four models are equipped with XPeng’s Turing AI chip and feature comprehensive upgrades in range, intelligent configurations, and other aspects.