XPeng Inks Strategic Cooperation Agreement with Banks for RMB12.8 Billion Credit Facilities

XPeng Inc. (XPeng or the Company, NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, announced it signed a strategic cooperation agreement with leading domestic banks at a signing ceremony held today in Guangzhou, China, pursuant to which it will secure a credit line of RMB12.8 billion with an extensive range of credit facilities (the Agreement).