Business
XPENG Kick-Starts Local EV Production in Malaysia, Marking Strategic Milestone in ASEAN Expansion
XPENG (the "Company", NYSE: XPEV, HKEX: 9868) has officially entered into a strategic partnership with Malaysian manufacturing group EP Manufacturing Berhad ("EPMB") to launch localized production initiatives in Malacca, Malaysia. This collaboration, with mass production set to begin in 2026, marks XPENG's third project of its kind globally and its second in the Asia-Pacific region.
About this update from Xpeng, Inc. Class A
[{"type":"text","content":"KUALA LUMPUR, Malaysia, Dec. 15, 2025 /PRNewswire/ -- XPENG (the "Company", NYSE: XPEV, HKEX: 9868) has officially entered into a strategic partnership with Malaysian manufacturing group EP Manufacturing Berhad ("EPMB") to launch localized production initiatives in Malacca, Malaysia. This collaboration, with mass production set to begin in 2026, marks XPENG's third project of its kind globally and its second in the Asia-Pacific region.","length":463,"tagName":"p"},{"type":"text","content":"Following the company's manufacturing projects in Indonesia and Austria, the new facility in Malaysia is designed to synergize with XPENG's existing operations in Europe and other Asia-Pacific markets, forming an integrated ecosystem encompassing localized production, sales, charging services, and user operations to accelerate deep market penetration.","length":361,"tagName":"p"},{"type":"text","content":"Through this partnership, XPENG will leverage EPMB's extensive local manufacturing expertise, proven production capacity, and deep market knowledge to produce advanced intelligent EVs tailored to Malaysian and ASEAN consumer needs. Localized production will enable XPENG to deepen its integration into the regional market, enhance responsiveness, and strengthen its competitive edge.","length":387,"tagName":"p"},{"type":"text","content":"The collaboration aligns with the Malaysian government's vision for a green economy and the development of high-end manufacturing capabilities. It is expected to contribute to the upgrading of Malaysia's new energy vehicle (NEV) industrial ecosystem and create skilled employment opportunities locally.","length":310,"tagName":"p"},{"type":"text","content":""Establishing local production project in Malaysia is a significant milestone in XPENG's global strategy and underscores our long-term commitment to the ASEAN region," said James Wu, Vice President, XPENG. "EPMB's proven capabilities and shared vision make them an ideal partner. This initiative allows us to be closer to our customers, accelerate market responsiveness, and systematically introduce our intelligent technologies, driving forward our mission of 'Democratizing Technology' on a global scale."","length":543,"tagName":"p"},{"type":"text","content":""We are thrilled to p...