Chinese electric carmaker Xpeng is doubling the production capacity at one of its key plants as competition heats up.
Xpeng said it will increase the planned production capacity of its Zhaoqing manufacturing site from 100,000 cars a year to 200,000. The Zhaoqing plant opened last year, and is located in the southern Chinese province of Guangdong.
Competition is heating up in China’s electric vehicle industry as Xpeng faces challenges from other domestic start-ups including Nio and Li Auto as well as U.S. auto maker Tesla.
Xpeng is looking to expand production for its range of models — the G3 SUV, the P7 sedan and its recently-launched P5.
To fuel expansion, Xpeng, which is already listed in the U.S., carried out a so-called dual primary listing in Hong Kong last month.
In July, Xpeng delivered 8,040 vehicles — a monthly record and a 228% increase year-on-year.
– CNBC