Xpeng opens service centres in China’s major cities

The Chinese electric car startup Xpeng Motors has opened six new service centers in Shanghai, Beijing, Guangzhou, Shenzhen, Nanjing and Dongguan. Xpeng plans to open a total of 100 sales and service centers by the end of this year.

Xpeng Motors officially launched its first G3 model on the domestic market in December. The five-seater electric SUV is offered before subsidies at a base price of 227,800 yuan (almost 30,000 euros). The company is said to have recently increased production from 1,000 to at least 3,000 vehicles per month. By the end of July, the startup aims to sell 10,000 units of the G3 and 40,000 by the end of the year. As is well known, the Chinese used freely available Tesla patents to develop the electric motor.

By mid-March, Xpeng had also opened 30 supercharging stations in the five cities Beijing, Shanghai, Guangzhou, Shenzhen and Wuhan. Over the next three years, this network is expected to grow to 1,000 charging stations.

Finally, according to a CNBC report, the manufacturer wants to collect another 500 million dollars from investors and is independently considering an IPO, possibly in the USA. At the beginning of August 2018, Xpeng had already concluded a financing round with 4 billion yuan (587 million dollars). The previous winter, Foxconn and Alibaba, among others, had already joined as investors. In addition to its headquarters in Guangzhou, Xpeng has research and development departments in Beijing, Shanghai, Silicon Valley (USA) and Zhaoqing (Guangdong Province). In the latter region, the manufacturer, founded in 2014, is currently building its own production facility, which is to be completed by the end of 2019. The company is currently cooperating with Haima Automobile to produce the G3 in Zhengzhou.

Source: Info via E-Mail (Service centres), cnbc.com (Investors)