Xiaopeng Motors 5 billion to establish a power battery company

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36 Krypton learned that the Tianyancha App shows that recently, Guangzhou Pengyue Power Battery Co., Ltd. was established. The legal representative is Xia Heng, with a registered capital of 5 billion yuan. The business scope includes battery manufacturing; battery spare parts production; auto parts and accessories manufacturing, etc. . Shareholder information shows that the company is wholly owned by Guangzhou Pengbo Automobile Technology Co., Ltd. Guangzhou Pengbo Automobile Technology Co., Ltd. was established not long ago. The legal representative is Xia Heng, with a registered capital of 5 billion yuan. Its business scope includes battery manufacturing and battery spare parts production. It is indirectly wholly-owned by XPeng Power Battery (Hong Kong) Limited.
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