Flying car factory to get RMB 1.27 billion injection
Subscribe to keep reading.
Trivium Tech keeps you briefed on the latest developments in China tech policy.
Already a subscriber? Log in.
What happened: Five state banks teamed up to offer a syndicated loan of RMB 1.27 billion to Xpeng to build a flying car factory.
Production on the Xiaopeng Huitian Flying Car Intelligent Manufacturing Base began in October 2024.
The factory aims to produce 10,000 units annually of the XPENG Aeroh...