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XPENG-W Secures RMB10B Credit Line from CITIC BANK
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XPENG-W (09868.HK)(XPEV.US) and CITIC BANK (00998.HK) recently held a strategic cooperation signing ceremony in Guangzhou. Pursuant to the agreement, CITIC BANK's Guangzhou branch will grant XPENG-W a total credit line of RMB10 billion to fully support the company's business operations and development. This credit facility will enhance XPENG-W's cash utilization efficiency and optimize settlement cost management. In the future, XPENG-W will continue to amplify its investment in technology R&D in areas such as AI and electrification, as well as in production and manufacturing, while continuously improving its domestic and overseas sales and service ecosystem. AASTOCKS Financial News Website: www.aastocks.com |
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