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Recently, Xiaopeng Huitian has successfully secured a RMB 1.26 billion syndicated loan from five major banks to fund the construction of its flying car smart manufacturing base. China Construction Bank, Agricultural Bank of China, and China CITIC Bank took on the roles of joint lead arrangers for this significant financing deal.
Construction of the advanced manufacturing facility commenced in October of last year and is anticipated to reach completion in the third quarter of this year. The split-type flying car, aptly named the "Land Aircraft Carrier," is set to enter mass production and commence deliveries in 2026. Currently, the construction of the plant is progressing seamlessly, marking a significant milestone for Xiaopeng Huitian in realizing its vision of innovative aerial mobility solutions.
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