Acquired Guangdong Fudi Automobile Xiaopeng Automobile and obtained production qualification

Xiaopeng Automobile, as a representative car company of the new domestic automobile manufacturing force, has achieved good results in the domestic pure electric vehicle market although it was established less than 6 years ago. The Xiaopeng G3, released in 2018, has delivered 16,608 vehicles in 2019, and has achieved outstanding results in the new force car camp in China.

In addition, the pure electric coupe Xiaopeng P7, which will be launched in the near future, has a maximum cruising range of more than 700km and a starting price of more than 240,000. It is regarded as a strong competitor of Tesla Model 3.

However, it is embarrassing that although Xiaopeng Automobile is selling in the market in full swing, Xiaopeng Automobile does not have its own car manufacturing qualifications and cannot produce cars independently. Therefore, Xiaopeng Automobile chose to cooperate with Haima Automobile to rely on Haima's car manufacturing qualification for OEM production. Therefore, we can also see the tail of "Hippocampus" in the application list of the Ministry of Industry and Information Technology of Xiaopeng P7.

However, the good news is that Xiaopeng Automobile will also have its own car manufacturing qualification. A few days ago, we learned from Tianyan that the shareholder of Guangdong Fudi Automobile has been changed to Zhaoqing Xiaopeng New Energy Investment Co., Ltd., and the company's legal person has also been changed to Xiaopeng Automobile co-founder and president Xia Yi, and the supervisor is Xiaopeng He Tao, co-founder and vice president of the automobile, means that Xiaopeng Automobile has obtained automobile production qualification through the acquisition of Guangdong Fudi Automobile Co., Ltd.

In addition, some in the industry believe that the upcoming Xiaopeng P7 will be produced at Xiaopeng Automobile's own Zhaoqing factory, which will invest 4 billion yuan and have an annual production capacity of 100,000 vehicles.

However, because Xiaopeng P7 does not have its own car manufacturing qualification, it will not be approved by the Ministry of Industry and Information Technology if it is produced in its own factory. The acquisition of Guangdong Fudi Motors has solved the problem of production qualification and was able to use its own factory to produce models.

It is worth mentioning that it is also common for new car-building forces to acquire other domestic car companies to obtain car-building qualifications. Prior to this, Ideal Motors purchased 100% of Chongqing Lifan Automobile Company for 650 million yuan. The purpose of the acquisition is precisely to obtain Lifan Automobile's car manufacturing qualification.