XPeng Secures RMB 10 Billion Credit Line from ICBC to Boost Physical AI and Smart Manufacturing

On January 6, XPeng Motors signed a strategic cooperation agreement with the Guangdong Branch of Industrial and Commercial Bank of China (ICBC), securing a RMB 10 billion credit line. The funds will be specifically allocated for financing, international operations, and cash management to support the company’s daily operations and strategic development. He Xiaopeng, Chairman of XPeng Motors, stated that the company plans to expand its investment in Zhaoqing and advance the construction of its smart mobility ecosystem. The company’s self-built production facility in Zhaoqing now rolls out a new vehicle every 90 seconds. In 2025, XPeng delivered a total of 429,445 vehicles globally, a 126% year-over-year increase, including 45,008 units delivered overseas, up 96% year-over-year. This partnership is expected to accelerate XPeng’s expansion in physical AI, intelligent manufacturing, and global market development.