XPeng, Inc. (XPEV) stock soared on Monday after its affiliate, XPENG AEROHT, announced the groundbreaking of a new flying car manufacturing facility in Guangzhou, China. This move signifies XPeng’s commitment to revolutionizing transportation and solidifying its position as a leader in the emerging flying car industry.
The facility, projected to span a massive 180,000 square meters, will be built by the China Construction Fourth Engineering Bureau. It will house four key production areas: Composites, Joint, Painting, and Assembly, supported by additional essential infrastructure. This dedicated facility will focus on manufacturing the air module for XPENG AEROHT’s innovative modular flying car, known as the Land Aircraft Carrier. This unique vehicle comprises two components: a ground module, which incorporates the aerial unit for ground transportation, and an air module that can detach and reattach automatically.
Founder Zhao Deli emphasized XPeng’s dedication to developing core technologies in-house and manufacturing key components on-site. This approach ensures rigorous quality control, cost efficiency, and a high level of precision. To further enhance safety and traceability, XPENG AEROHT will implement an extensive system that adheres to stringent aviation standards.
The new facility is also designed with sustainability in mind. It will integrate solar power generation throughout its facilities, utilize energy-efficient equipment in high-energy areas, and implement a digital energy management system for real-time monitoring. This commitment to sustainability demonstrates XPeng’s dedication to reducing its carbon footprint while contributing to a greener future.
Shao Jingbo, Deputy Director of the Guangzhou Development District Administrative Committee, remarked on the significance of this milestone. He highlighted that the establishment of the world’s first mass production facility for flying cars signifies not only a momentous achievement for XPENG AEROHT but also a significant step forward for the Guangzhou Development District in the low-altitude economy sector. The collaboration between XPENG AEROHT and the Guangzhou Development District aims to propel the flying car industry forward, reaching new heights and expanding its impact on national economic growth.
As of publication, XPeng shares are trading 11.6% higher at $12.43, reflecting the positive market sentiment surrounding this groundbreaking development. The construction of this state-of-the-art facility in Guangzhou is a testament to XPeng’s commitment to innovation and its ambitious vision for the future of transportation.
