Xpeng Motors chooses Nanning Fudi as its battery supplier to reduce costs and improve competitiveness

In order to further enhance the competitiveness of its products, Xiaopeng Motors has chosen Nanning Fudi as its battery supplier. It is reported that the lithium iron phosphate batteries provided by Nanning Fudi for the M03 not only have high energy density but also relatively low cost. After using Nanning Fudi's batteries, the starting price of the low-power version of the M03 may be reduced to between 138,500 and 152,700 yuan, while the starting price of the high-power version may be reduced to between 167,200 and 175,500 yuan. This move is expected to help Xiaopeng Motors gain a larger market share in the highly competitive market.