Xpeng Motors acquires Guangdong FODAY Auto to obtain production qualification


The shareholder of Guangdong FODAY Auto has been changed to Zhaoqing Xiaopeng New Energy Investment Co., Ltd., and the company’s legal person has also been changed to Xpeng Motors co-founder and president Xia Yi, and the supervisor is of Xpeng Motors He Tao, co-founder and vice president of the automobile, means that Xpeng Motors has obtained automobile production qualification through the acquisition of Guangdong FODAY Automobile Co., Ltd.

At present, the industry generally speculates that Xpeng Motors’ 2nd EV, Xpeng P7, will be produced at its own Zhaoqing factory, which invests 4 billion yuan and has an annual production capacity of 100,000 vehicles. However, because there is no qualification for automobile production before, if Xpeng P7 is produced in its own factory, it will not be able to obtain the approval of the Ministry of Industry and Information Technology and affect the market launch of the car. The acquisition of Guangdong FODAY Auto has solved this problem of production qualification.

Xpeng P7 is the second model launched by Xpeng Motors. The car is positioned as a mid-size sedan with an NEDC range of up to 706km. The car is now available for pre-sale now in the Chinese market. The pre-sale price of the rear-wheel-drive long-range version, rear-wheel drive super long-range version, and four-wheel drive high-performance version are respectively 240,000 yuan, 270,000 yuan, and 370,000 yuan. According to previous news, the new car will be officially launched in April 2020