Xiaopeng Motors’ new base in Wuhan is completed, Hongmeng Zhixing Shangjie brand debuts | Automobile Early Parts

Sina - 17/04
Xiaopeng Motors’ new base in Wuhan is completed, Hongmeng Zhixing Shangjie brand debuts | Automobile Early Parts

| Thursday, April 17, 2025 |

NO.1 The construction of Xiaopeng Motors Wuhan new base is completed

On April 16, Xiaopeng Motors revealed in its 2024 annual report that the company has more than 1 million square meters of land use rights in Wuhan, Hubei, with a term of 2072 or later. In July 2021, Xiaopeng started construction of a new manufacturing base here. As of March 31, 2025, the construction of the base has been completed and is awaiting completion acceptance. In addition, the group has mortgaged related assets of Guangzhou and Zhaoqing factory production buildings and Wuhan bases for long-term bank loans, with a total appraisal value of 5.36 billion yuan.

Comment: The completion of Xiaopeng Motors' new base in Wuhan mar...
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