It is learned on December 20 from XinJingBao (New Beijing News), Qichacha App shows that XPeng Motors has further laid out for power batteries. Guangzhou Pengyue Power Battery Co., Ltd. was recently established, The company is indirectly wholly owned by XPeng Power Battery (Hong Kong) Limited (XPeng Power Battery Hong Kong Co., Ltd.).

It is understood that the legal representative of Guangzhou Pengyue Power Battery Co., Ltd. is Xia Heng, and the registered capital of the company is 5 billion yuan. The business scope includes: battery manufacturing; battery spare parts production; auto parts and accessories manufacturing; smart vehicle equipment manufacturing, etc.