Chinese electric vehicle (EV) maker Xpeng will spend a record 3.5 billion yuan (US$486 million) in 2024 and hire 4,000 new workers, as it unveils plans to churn out 30 new models over the next three years.
CATL, which had a 37.4 per cent share of the global battery market last year, will start construction on the Beijing plant this year, city’s economic planner says.