China News Service, January 12th. On the morning of the 12th, the signing ceremony for the bank-enterprise strategic cooperation of Xiaopeng Automobile was held at the headquarters of Xiaopeng Automobile in Guangzhou.
At the ceremony, Xiaopeng Motors announced that it has formally reached a strategic partnership with five banks in Guangdong Province and will cooperate in promoting the sustainable development and construction of banks and enterprises.
Xiaopeng Motors Chairman and CEO He Xiaopeng witnessed the signing with the presidents of the five banks. Xiaopeng Motors Vice Chairman and President Gu Hongdi and key leaders of the bank signed the cooperation agreement on behalf of both parties.
The bank-enterprise strategic cooperation signing banks include: Agricultural Bank of China Guangdong Branch, Bank of China Guangdong Branch, China Construction Bank Guangdong Branch, China CITIC Bank Guangzhou Branch, and Guangzhou Rural Commercial Bank.
On the basis of strategic cooperation, the five banks will jointly provide Xiaopeng Motors with a total credit line of RMB 12.8 billion to support Xiaopeng Motors' business operations and the construction of its production and sales service system.
Xiaopeng Motors Chairman and CEO He Xiaopeng said that this strategic cooperation between banks and enterprises is of great significance to further improve the cash usage efficiency and cost management of Xiaopeng Motors.
It is believed that the signing of this strategic partnership will effectively promote the sustainable development and extensive cooperation between banks and enterprises, and jointly explore the transformation of future transportation methods.
He mentioned that China's electric vehicle industry has achieved very large growth in the past year, and smart cars are an important driver leading this trend.
In the next ten years, I believe that more capital will enter the smart car market.
Xiaopeng Motors will work with partners to explore and promote the formation of global innovation leadership in China's smart car field.
The new energy automobile industry is regarded as an important opportunity for my country's automobile industry to achieve technological curve overtaking. It is also an important starting point for promoting the green transformation and upgrading of the automobile industry, moving to the middle and high end, and cultivating new kinetic energy for economic growth.
Some analysts pointed out that green finance plays an important role in promoting the development of the new energy automobile industry.
The new energy automobile industry has become a key area for green finance, and green credit has promoted the vigorous development of the new energy automobile industry.
As one of the representative companies of China's electric smart cars, Xiaopeng Motors has been continuously recognized by the capital market in the past year.
On August 27, 2020, Xiaopeng Motors officially landed on the New York Stock Exchange. After using the green shoes, it raised US$1.7 billion, setting a record for the highest IPO in the history of global new energy vehicles.
On December 11, 2020, Xiaopeng Motors announced the completion of its first additional issuance after its listing, with a financing amount of US$2.5 billion, making it the largest initial share issuance in the history of China Concept Stock.
As of September 30, 2020, Xiaopeng Automobile's sales and service network has included 116 sales outlets and 50 service outlets, covering 58 cities. At present, the cumulative delivery volume of Xiaopeng Motors has exceeded 40,000. At the same time, the ecological construction of Xiaopeng Motors is also advancing rapidly. In order to further relieve users’ mileage anxiety, Xiaopeng Motors released an overcharge free power-up plan at the end of September 2020. As of December 29, 2020, Xiaopeng Motors has achieved lifetime free of charge for 100 cities and 670 sites within 95 days. Charging service has become the fastest car manufacturer in the industry to realize free charging for life.