XPENG(US:XPEV) Prnewswire·2025-12-15 06:10Core Insights - XPENG has entered a strategic partnership with EP Manufacturing Berhad (EPMB) to establish localized production in Malacca, Malaysia, with mass production expected to start in 2026, marking XPENG's third such project globally and second in the Asia-Pacific region [1][2] Group 1: Partnership and Production - The collaboration aims to leverage EPMB's local manufacturing expertise and production capacity to produce advanced intelligent electric vehicles (EVs) tailored to Malaysian and ASEAN consumer needs [3] - Localized production will enhance XPENG's integration into the regional market, improve responsiveness, and strengthen its competitive edge [3] Group 2: Strategic Alignment - The partnership aligns with the Malaysian government's vision for a green economy and aims to upgrade Malaysia's new energy vehicle (NEV) industrial ecosystem while creating skilled employment opportunities locally [4] - XPENG's Vice President emphasized that this project is a significant milestone in the company's global strategy and reflects a long-term commitment to the ASEAN region [5] Group 3: Market Expansion - From January to November 2025, XPENG's overseas deliveries reached 39,773 units, a 95% year-on-year increase, with a sales and service network spanning 52 countries and regions [5] - 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 for localized production, sales, charging services, and user operations [2][5] Group 4: Company Background - XPENG, founded in 2014, is a leading AI-driven mobility company focused on designing, developing, and manufacturing smart EVs, with a mission to drive the Smart EV revolution through cutting-edge technology [7] - EPMB has over 40 years of experience in automotive manufacturing and is committed to advancing Malaysia's manufacturing landscape through strategic partnerships and innovation [6]