Xiaopeng Motors receives 500 million yuan strategic investment from Guangdong Industrial Development Fund

China Automotive News Network, March 15th. Recently, Xiaopeng Motors announced that it has reached a strategic cooperation with Guangdong Yuecai Investment Holdings Co., Ltd., and the two parties will invest in the Guangdong Industrial Development Fund to invest in the subsidiary of Xiaopeng Automobile, Guangzhou Orange Xing Zhidong Automobile Technology. Co., Ltd. reached a cooperation agreement of 500 million yuan.

It is reported that this time, Wu Hong, member of the party group and deputy director of the Provincial Department of Industry and Information Technology, Chen Zhiqun, director of the Finance and Audit Department, Xiaopeng Motors Chairman and CEO He Xiaopeng, and Senior Vice President Wang Xudong, Guangdong Finance Jin Shenghong, Secretary of the Party Committee and Chairman of the Holding, and Chen Mingxian, Member of the Party Committee and Deputy General Manager, witnessed the signing. Xia Heng, co-founder and president of Xiaopeng Motors, and Lin Qi, chairman of Guangdong Finance Fund, signed an investment cooperation agreement on behalf of both parties.

Back row: (from left) Chen Zhiqun, He Xiaopeng, Wu Hong, Jin Shenghong, Chen Mingxian, Wang Xudong

Front row: (from left) Xia Heng, Lin Qi

With the advent of the 'New Four Modernizations' represented by 'Electrification, Intelligentization, Networking, and SharingA strategic choice for the integrated development of car networking, big data, and artificial intelligence. Since its establishment, Xiaopeng Motors has firmly followed the route of independent research and development. It is the only mass-produced car company in the country and the second in the world with full-stack intelligent self-development capabilities. The Guangdong Industrial Development Fund assumes the responsibility of promoting the high-quality development of Guangdong's manufacturing industry, focusing on the layout and support of the development of the automobile industry as a strategic pillar industry in Guangdong. The investment in Xiaopeng Motors will not only help accelerate the strengthening of the chain of Guangdong's automobile industry. The chain will also help Xiaopeng Motors to become bigger and stronger in the field of intelligent networked cars.

Xiaopeng Motors Chairman and CEO He Xiaopeng said: Guangdong is a land full of exploration and embrace change. As a local enterprise in Guangdong Province, Xiaopeng Motors has always upheld the innovative spirit of Guangdong enterprises and is committed to exploring future travel methods. I hope that in the next few years, everyone's travel life can be guided by safety, environmental protection, technology, and efficiency. Under the guidance of the government and relevant leading departments, and with the support of partners such as Guangdong Finance Holdings, Xiaopeng Motors hopes to work with Guangdong Province to inject new vitality into the higher-quality integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area and become a global one. A leader in internal transportation, and will one day form a global innovation leader in the field of smart cars.