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On May 17, Xiaopeng Motor made a new investment abroad to set up Zhaoqing Kunpeng Real Estate Co., Ltd., which is reminiscent of the seahorse car that previously sold properties for cash.

The registered capital of Zhaoqing Kunpeng Real Estate Company is 470 million yuan, and the legal representative is Xiaopeng Automobile founder and President Xia Heng, who also serves as chairman and general manager of the company; the major shareholder is Guangzhou Xiaopeng Automobile Investment Co., Ltd., holding 73.84%; the other shareholder is Zhaoqing High-tech Zone Construction Investment and Development Co., Ltd., with a shareholding ratio of 26.16%. He Xiaopeng is suspected to be the actual controller, with a total shareholding ratio of 24.6%.

The company's business scope includes real estate development and operation; undertaking municipal projects; installation and maintenance of hydropower, air-conditioning and heating projects; property management; real estate leasing operation; real estate consulting services, etc.

In May 2017, Xiaopeng announced that the 10 billion-level production base planned jointly with the Zhaoqing municipal government will be built in the Zhaoqing High-tech Zone. According to reports, the project is divided into three phases, with a total planned land of 3000 mu, including 600mu for the first phase and 1000 mu for the second phase. In addition, 1400 mu of land has been reserved for the production of smart car industry and ecological supporting projects.

In fact, it is not only Xiaopeng Motor that automobile companies enter into real estate projects. Chongqing Lifan Group owns Qiangfan Land; Dongfeng Motor owns Dongfeng Automobile Real Estate Co., Ltd. These auto companies enter the real estate industry only to spread the investment of capital and reduce the risk. In 2018, the national real estate investment reached 12 trillion yuan, and the national automobile production and sales also approached 30 million. After the fading of the dividend period, the two industries seek new growth points through cross-industry development, in which we see that Evergrande, Baoneng and other real estate background groups have entered the automobile industry by means of capital injection.

People related to Xiaopeng said that Xiaopeng has no intention of entering real estate and that the company was set up to prepare for the daily operation of the Zhaoqing factory in the future.

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