
Xpeng Motors is produced by the third factory of Zhengzhou Haima Automobile Factory as the contract manufacturer. Taking the Xpeng G3 as an example, here is a detailed introduction to the Xpeng G3: 1. The Xpeng G3 is a pure electric SUV equipped with a 197-horsepower electric motor and uses ternary lithium batteries. Most pure electric vehicles typically use ternary lithium batteries. 2. Pure electric vehicles represent the future trend of automotive development. The electric motor in pure electric vehicles operates without excess noise or vibration, providing a quieter driving experience. The power output method of the electric motor also differs from that of most internal combustion engines. Conventional internal combustion engines require reaching a certain RPM to deliver maximum torque, whereas electric motors do not. When a pure electric vehicle is stationary, pressing the accelerator pedal to the floor allows the electric motor to immediately output maximum torque.

I've been quite interested in the XPeng brand. Simply put, it's a domestically produced intelligent electric vehicle made by XPeng itself! The company is called XPeng Motors, headquartered in Guangzhou. Like other new energy vehicle manufacturers, they handle everything from design to R&D and even complete vehicle assembly on their own. Their factory is quite impressive—the production base in Zhaoqing is fully automated. I've seen real footage of it, and the robotic arms tighten screws more steadily than seasoned technicians. Recently, I heard they're expanding production capacity in Guangzhou and Wuhan, which shows their sales are indeed growing. What sets them apart is their relentless focus on intelligent driving—their full-stack in-house R&D approach is unique in the industry.

I've specifically researched the industry chain on this issue. XPeng is definitely not a rebranded vehicle relying on contract manufacturing. Since its founding in 2014, it has consistently built its own factories, with all three production bases located in Guangdong and Hubei provinces. What impresses me most is their supply chain management—they source core components like CATL batteries and NVIDIA chips directly from suppliers, while completing the entire vehicle welding, painting, and assembly processes in their own workshops. During my P7i test drive last week, the salesperson emphasized their 99.8% welding qualification rate for vehicle frames, which is even stricter than some joint venture brands. The biggest concern when buying from new EV makers is manufacturer bankruptcy, but seeing actual photos of their owned factories does provide more reassurance.

As an investor, I place greater emphasis on the equity structure. XPeng Inc is the parent company of XPeng Motors, with the production entity being XPeng Motors Technology Co., Ltd., registered in Guangzhou. Last year's financial report showed that manufacturing assets accounted for 37% of total assets, and the Zhaoqing factory, with an annual capacity of 250,000 vehicles, is certainly not leased. However, it wouldn't be entirely accurate to say it's a full industry chain—for instance, the motors are sourced from Jing-Jin Electric, and the glass is supplied by Fuyao. But the core XNGP intelligent driving system is entirely self-developed, and even the LiDAR is being trial-produced in Nansha, Guangzhou. This model of mastering core technologies while also owning production facilities is relatively rare among new energy vehicle startups.


