Xiaopeng Motors: Signs 2026 cooperation framework agreement with Guangdong Huitian

Xiaopeng Motors announced that the company signed a cooperation framework agreement with Guangdong Suitian on August 22, 2025, effective from January 1, 2026 to December 31, 2028. According to the agreement, both parties will continue to cooperate in the research and development, manufacturing, sales, and after-sales service of flying cars. It is expected that flying cars will be mass-produced in 2026, and Guangdong Xiaopeng will provide research and development services, technical consulting services, and sales agent services to Guangdong Suitian. The annual transaction caps are RMB 900 million, RMB 1.8 billion, and RMB 2.0 billion respectively.