Xiaopeng set up another power battery company, and previously denied that he had developed his own battery.

CTOnews.com, December 21, according to the National Enterprise Credit Information publicity system, Guangzhou Pengyue Power Battery Co., Ltd. was recently established, with the legal representative of Xia Heng, one of the co-founders of Xiaopeng Automobile, with a registered capital of 5 billion yuan. The scope of business includes battery manufacturing and battery parts production.

According to 36 krypton, Xiaopeng has put its own battery on the agenda, headed by Zhong Liang, a former BMW senior battery engineer. It is said that at present, Xiaopeng's battery research and development team has about 100 people, and there has been a lot of communication between Xiaopeng and the upstream material supply chain. The initial landing period of its self-developed battery is about 5 years. In response, Xiaopeng responded that the personnel changes are true, but self-development of batteries is "not a thing."

CTOnews.com has reported that Xiaopeng previously established Guangzhou Pengbo Automotive Technology Company with a registered capital of 5 billion yuan, including battery manufacturing, battery parts production and motor manufacturing. As for the establishment of the entity company, Xiaopeng said: it has nothing to do with homemade batteries.