XPeng Secures RMB 10 Billion Credit Line from ICBC Guangdong Branch

XPeng Motors recently signed a strategic cooperation agreement with the Guangdong Branch of Industrial and Commercial Bank of China (ICBC) at XPeng Technology Park. Under the agreement, ICBC’s Guangdong Branch will grant XPeng Motors a credit line of RMB 10 billion, primarily to support its financing needs, international operations, cash management, and other areas, thereby comprehensively bolstering XPeng’s daily operations and long-term growth. This partnership marks a deepened financial collaboration between the two parties in the new energy vehicle sector, providing strong financial backing for XPeng’s ongoing market expansion and technological innovation.