Core Insights - XPENG (XPEV) has partnered with Malaysian manufacturing group EP Manufacturing Berhad (EPMB) to initiate local production in Malacca, Malaysia, starting in 2026, marking XPENG's third overseas project and second in the Asia-Pacific region [1][9] - The new facility aims to create an integrated ecosystem for local production, sales, and charging services, enhancing XPENG's regional presence and customer engagement [2] - The partnership will leverage EPMB's local manufacturing expertise to produce advanced intelligent EVs tailored for Malaysian and ASEAN consumers, improving responsiveness and competitive positioning [3] Strategic Alignment - The partnership aligns with the Malaysian government's vision for a greener economy and supports the development of high-end manufacturing EVs, contributing to Malaysia's new energy vehicle (NEV) industrial ecosystem and creating skilled job opportunities [4] Financial Performance - XPENG's revenues for Q3 2025 reached RMB20.38 billion (US$2.86 billion), a 101.8% increase from RMB10.10 billion in Q3 2024, with total deliveries rising to 116,007 units, up 149.3% year over year [5][9] - The company's global expansion is evident, with overseas deliveries reaching 39,773 units from January to November 2025, reflecting a 95% year-over-year increase, supported by a sales and service network across 52 countries and 321 overseas outlets [6]