XPeng Inc. (XPEV) Starts Local EV Production In Malaysia

XPeng Inc. (NYSE:XPEV) is among 10 Best EV Stocks to Buy Heading into 2026. 

On December 15, XPeng Inc. (NYSE:XPEV) announced that it had formed a strategic alliance with EP Manufacturing Berhad, a Malaysian manufacturing business, to begin producing electric vehicles locally in Malacca. The start of mass production is planned for 2026. This is the company’s second localized production project in the Asia-Pacific area and its third worldwide. The program is intended to assist local user operations, production, sales, and charging services. As stated by XPeng Inc. (NYSE:XPEV), the Malaysia project will create an integrated ecosystem with its current operations in Europe and other Asia-Pacific areas.

Separately, as per a December 1 report, XPeng Inc. (NYSE:XPEV) delivered 36,728 electric vehicles in November 2025, a 19% surge from the previous year. The total number of vehicles delivered between January and November was 391,937, a 156% jump over the previous year. Furthermore, the firm reaffirmed that 39,773 units were delivered internationally between January and November, a 95% increase from the same period last year.

The company has RMB48.33 billion (US$6.79 billion) in cash and cash equivalents, restricted cash, short-term investments, and time deposits. Total sales for the quarter were RMB20.38 billion, up 101.8% over the previous year.

XPeng Inc. (NYSE:XPEV) is a prominent Chinese smart electric vehicle startup. It designs, develops, manufactures, and promotes EVs in China.

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