XPeng Clarifies Rumors of Subsidiary Battery Swapping Trade

In step with Chinese language undertaking knowledge platform Tianyancha, Guangzhou-headquartered electrical car producer XPeng Motors has established a brand new subsidiary named Shanghai Pengxu Automotive Gross sales & Provider Co., Ltd., with a registered capital of five million yuan ($789,577).

The trade scope of the brand new corporate comprises the sale of battery swapping amenities, and the recycling and cascade usage of waste energy batteries for brand new power cars.

Relating to hypothesis that XPeng will expand a battery swapping trade, the company responded to Jiemian Information that it does now not have such plans. In step with the consultant, “We’ve got been development a community of supercharging stations. No less than the lately deliberate fashions have now not discussed the guidelines of battery swapping options, and we’ve by no means heard any dialogue on this regard internally.”

In January this yr, when Chinese language battery massive CATL introduced that it will input the battery swapping marketplace in the course of the status quo of its EVOGO emblem, XPeng Motors launched the development of its supercharging stations. It confirmed that as of January 17, 2022, XPeng‘s supercharging stations had coated 333 prefecture-level towns and 4 directly-administered municipalities in China, with a complete of 813 supercharging stations and 166 vacation spot charging stations.

If truth be told, the gross sales of battery swapping amenities throughout the trade scope of the brand new corporate had been already incorporated in that of some other subsidiary named Guangzhou Zhipeng Automotive Gross sales & Provider Co., Ltd. established in March ultimate yr. The corporate could also be wholly owned by means of XPeng Motors.

As well as, two newly established XPeng subsidiaries, positioned in Jieyang and Yancheng in Guangdong province, even have {qualifications} to function gross sales of battery swapping amenities, in addition to the recycling and cascade usage of waste energy batteries.

SEE ALSO: XPeng P5 Provides 4 New Fashions

Gross sales knowledge display that during January 2022, XPeng Motors delivered 12,922 new vehicles, up 115% year-on-year. This could also be the 5th consecutive month that XPeng Motors has delivered over 10,000 cars. As of January, XPeng‘s cumulative supply quantity has exceeded 150,000 cars.