XPeng Motors Receives Support from Guangdong Zhanxin Guidance Fund and Becomes One of the First Batch of Signed Enterprises

Xpeng Motors announced on Wednesday that the company has been selected for the first batch of investment contracts by Guangdong Province's Strategic Emerging Industries Investment Leading Fund, but did not disclose the specific amount of support.

The leading fund was launched on May 25th in Guangzhou and is the first provincial government investment fund in Guangdong province to adopt a corporate system and operate on a perpetual basis. The total planned scale of the fund is 100 billion yuan, with a registered capital of 50 billion yuan for the first phase.

At the launch ceremony, 12 projects, including the Guangdong New Energy Industry Fund, completed their signing intent. He Xiaopeng, the founder and CEO of XPeng Motors, said in a statement:

"The development of strategic emerging industries requires 'patient capital' that can span economic cycles."

As a Guangzhou-based new energy vehicle company, XPeng Motors is accelerating its transformation into strategic emerging areas such as RoboTaxis, humanoid robots, and flying cars.