Xpeng Motor secures USD2.7 billion credit line from five Chinese banks
Xpeng to use the credit facilities to support operations and expansion of its manufacturing, sales and service capabilities
Electric vehicle (EV) startup Xpeng has secured a signed a strategic cooperation agreement with five domestic banks to secure a credit line of RMB12.8 billion (USD2.7 billion) with an extensive range of credit facilities, the company announced in a press release on 11 January.
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