Shanghai (ZXZC)- Guangzhou XPeng Smart Charging Technology Co., Ltd. (“XPeng Smart Charging”) recently saw its registered capital surge to 5 billion yuan ($723.798 million) from 258 million yuan ($37.348 million), according to the corporate database Tianyancha, indicating XPeng’s intention to step up its construction of electric vehicle (EV) charging network.

Information updated by Tianyancha shows that Guangzhou XPengzhi Automotive Technology Co., Ltd. (“Guangzhou XPengzhi”) has retreated as the sole shareholder of XPeng Smart Charging, and its position is replaced by Guangzhou Xpenghui Automotive Technology Co., Ltd. (“Guangzhou XPenghui”).

Photo credit: XPeng

It is noteworthy that Guangzhou XPengzhi is entirely controlled by XPeng Charging (Hong Kong) Limited, while Guangzhou XPenghui is a wholly-owned subsidiary of Guangzhou XPenghui.

Founded in Jun. 2022, XPeng Smart Charging has a line of businesses that includes the development services for energy-saving technologies, charging pile manufacturing, EV charging service, as well as battery sales, according to Tianyancha.

XPeng is accelerating the deployment of its charging network. In August of last year, the company held an event to unveil its layout in areas such as technology R&D, service experience, and charging network construction. At the event, it launched its first S4 super-fast charging pile, which can achieve 5-minute charging for a range of 200 kilometers.

As of March 1, 2023, XPeng’s charging network had encompassed 1,948 charging stations, 1,018 of which were the startup’s self-built ones (816 supercharging stations and 202 destination charging stations).