Chinese EV start-up Xpeng to build factory in Wuhan less than a year after putting first plant to work, as EV demand soars

Chinese EV start-up Xpeng to build factory in Wuhan less than a year after putting first plant to work, as EV demand soars

Chinese EV start-up Xpeng to build factory in Wuhan less than a year after putting first plant to work, as EV demand soars

Chinese electric vehicle (EV) start-up Xpeng Motors, which counts Alibaba Group Holding and Xiaomi among its backers, is building a factory less than a year after its first assembly facility went online.The New York Stock Exchange-listed carmaker will build a 7.89 million sq ft factory in Wuhan, it said on Thursday. The facility will have the capacity to assemble 100,000 EVs a year, Xpeng said.“We have a long-term strategic road map to embrace the (EV) sector’s transformation,” said He Xiaopeng…

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