XPENG AEROHT reports in a Linkedin post that it has secured a ¥1.26 billion (USD 174 million) syndicated loan to support the construction of its “Land aircraft carrier” eVTOL mass production factory—”the largest syndicated loan ever for flying car manufacturing worldwide,” said the company.
The loan facility is reported to be backed by China Construction Bank (0939), Agricultural Bank of China (1288), China CITIC Bank (0998), Bank of China (3988), and Industrial Bank.
At the 15th China Airshow in late 2024 the company announced its order book for the eVTOL had exceeded 3,000 units.
For more information
https://www.linkedin.com/company/xpeng-aeroht/posts/?feedView=all
https://www.thestandard.com.hk/breaking-news/section/2/231297/XPeng-secures-1.26b-yuan-loan-to-build-flying-car-factory
https://m.weibo.cn/detail/5115456243368368