XPENG Kick-Starts Local EV Production in Malaysia, Marking Strategic Milestone in ASEAN Expansion
XPENG (NYSE: XPEV) announced a strategic partnership with Malaysian manufacturer EP Manufacturing Berhad to launch localized EV production in Malacca, with mass production scheduled to begin in 2026.
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Rhea-AI Summary
XPENG (NYSE: XPEV) announced a strategic partnership with Malaysian manufacturer EP Manufacturing Berhad to launch localized EV production in Malacca, with mass production scheduled to begin in 2026.
This will be XPENG's third global localized production project and second in Asia-Pacific, designed to integrate production, sales, charging services, and user operations across Europe and APAC. From January to November 2025, XPENG's overseas deliveries reached 39,773 units, a 95% year‑on‑year increase, and its overseas network spans 52 countries with 321 outlets. The collaboration aims to tailor intelligent EVs for Malaysian and ASEAN consumers and support Malaysia's NEV industrial ecosystem and job creation.
Positive
- Overseas deliveries 39,773 units Jan–Nov 2025 (+95% YoY)
- Mass production in Malaysia scheduled to begin in 2026
- Third global localized production project; second in Asia‑Pacific
- Integration with sales, charging services, and user operations
- Network reach of 321 overseas outlets across 52 countries
- Partnership leverages EPMB's over 40 years manufacturing experience
Negative
- None.
Details
News Market Reaction – XPEV
On Dec 15, the day this news came out, XPEV closed 3.58% below the previous close.
Data tracked by StockTitan Argus for the Dec 15 session.
Key Figures
- Overseas deliveries
- 39,773 units
- XPENG overseas deliveries Jan–Nov 2025, +95% YoY
- Global coverage
- 52 countries/regions
- Sales and service network as of Jan–Nov 2025
- Overseas outlets
- 321 outlets
- XPENG overseas sales and service locations
- November deliveries
- 36,728 vehicles
- November 2025 deliveries, +19% YoY
- YTD deliveries
- 391,937 units
- Cumulative deliveries Jan–Nov 2025, +156% YoY
- Q3 deliveries
- 116,007 vehicles
- Total deliveries Q3 2025, +149.3% YoY
- Q3 revenue
- RMB20.38bn
- Total revenues Q3 2025, +101.8% YoY
- Cash & equivalents
- RMB48.33bn
- Cash, equivalents, restricted cash, ST investments, time deposits at Sep 30, 2025
Historical Context
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Reported November deliveries growth and strong year-to-date volume expansion.
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Q3 results showed surging deliveries, revenue growth and improved margins.
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Announced timing and access details for upcoming Q3 earnings call.
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Record October deliveries and expansion into seven new international markets.
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Announced XPENG AI Day focused on Physical AI and robotaxi technology.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
NYSE financial
HKEX financial
robotaxi technical
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Following the company's manufacturing projects in
Through this partnership, XPENG will leverage EPMB's extensive local manufacturing expertise, proven production capacity, and deep market knowledge to produce advanced intelligent EVs tailored to Malaysian and ASEAN consumer needs. Localized production will enable XPENG to deepen its integration into the regional market, enhance responsiveness, and strengthen its competitive edge.
The collaboration aligns with the Malaysian government's vision for a green economy and the development of high-end manufacturing capabilities. It is expected to contribute to the upgrading of
"Establishing local production project in
"We are thrilled to partner with XPENG, a global leader in smart EV technology," said Hamidon bin Abdullah, Founder and Executive Chairman of EPMB. "This strategic alliance combines EPMB's over four decades of automotive manufacturing excellence and local insights with XPENG's cutting-edge intelligence and electrification innovations. Together, we are committed to delivering high-quality, intelligent EVs to Malaysian consumers and supporting the nation's sustainable industrial ambitions."
XPENG has been rapidly expanding its global footprint. From January to November 2025, the Company's overseas deliveries reached 39,773 units, reflecting a
About EP Manufacturing Berhad (EPMB)
EPMB is a diversified investment holding group with core businesses in automotive manufacturing and engineering. With over 40 years of experience as a Tier 1 supplier to international automotive brands, EPMB possesses mature quality control systems, extensive component manufacturing expertise, and a verified vehicle assembly facility in Malacca. The Group is committed to advancing
About XPENG
Founded in 2014, XPENG is a leading AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility. To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in
XPENG is listed at the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).
Contacts:
For Media Enquiries: XPENG PR Department
Email: pr@xiaopeng.com
View original content:https://www.prnewswire.com/news-releases/xpeng-kick-starts-local-ev-production-in-malaysia-marking-strategic-milestone-in-asean-expansion-302641921.html
SOURCE XPENG
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