BEIJING (Reuters) - Chinese electric vehicle (EV) manufacturer Xpeng, backed by Alibaba Group Holding Ltd (N:BABA) and Xiaomi (OTC:XIACF) Corp (HK:1810), said on Tuesday it has production license for its fully-owned Zhaoqing car plant.
The plant, in China's southern city of Zhaoqing, is initially making Xpeng's new P7 electric sedan model. The Guangzhou-based company is also building G3 sport utility vehicles in Zhengzhou, which is jointly built by Xpeng and Haima Motor.