Xpeng Motors mortgages production buildings and equipment at its Guangzhou and Zhaoqing factories

In order to obtain long-term bank loans, Xpeng Motors has mortgaged several production buildings in Guangzhou and Zhaoqing factories, the land use rights of Wuhan base and its Guangzhou Xpeng Technology Park, and the equipment of Wuhan base. The total assessed value of these mortgaged assets is RMB 5.36 billion.