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EV maker Xpeng could consider acquisitions to expand capacity

Reuters2021-09-15

DETROIT, Sept 15 (Reuters) - Chinese electric vehicle maker Xpeng Inc would consider acquiring less successful rivals to expand production capacity in the future, company President Brian Gu told reporters during a conference call.

Xpeng is building two new factories in China. At the same time, the Chinese government is signaling it wants to see consolidation in the Chinese electric vehicle sector to rein in construction of unproductive factories.

"If we need additional capacity in a year or two…we may think about using M&A as a tool to get more capacity," Gu said.

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评论11

  • networm78
    ·2021-09-18
    They should do it
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  • KLC
    ·2021-09-16
    Good move for long term investment 
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    • MOON88
      Buy and hold
      2021-09-16
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  • TK360
    ·2021-09-16
    Nice move 
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  • andrew123
    ·2021-09-16
    Nice
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  • Bull1973
    ·2021-09-16
    Ok
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  • Priscyn
    ·2021-09-15
    that will be a cool move
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    收起
    • Bull1973
      Ok
      2021-09-16
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  • Yinasim
    ·2021-09-15
    Good move if it happens
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    收起
    • Pluto891
      agree. consolidation
      2021-09-16
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  • Jasminenghy
    ·2021-09-15
    Do it
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  • Jasminenghy
    ·2021-09-15
    Do it
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  • Chrissssy
    ·2021-09-15
    I’m here to complete mission 😂
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  • BBBBBBBBBB
    ·2021-09-15
    Ok
    回复
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