XPeng Motors signs agreement with Industrial and Commercial Bank of China

19 Jan XPeng Motors signs agreement with Industrial and Commercial Bank of China

(Oilandgaspress) On January 6, XPeng Motors and the Guangdong Branch of the Industrial and Commercial Bank of China (ICBC) signed a strategic cooperation agreement at the XPeng Science and Technology Park.

According to the agreement, the Guangdong branch of the Industrial and Commercial Bank of China (ICBC) will provide XPeng Motors with a credit line of 10 billion yuan for financing, international business, cash management, and other areas, fully supporting XPeng Motors’ business operations and development. This signing signifies ICBC Guangdong branch’s recognition of XPeng Motors’ corporate strength and development prospects, and also marks a new era in XPeng Motors’ development.

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