TLDR
- Xpeng partnered with EP Manufacturing Berhad to begin localized EV production in Malacca, with mass production planned for 2026.
- The Malaysia facility marks Xpeng’s third global production project and second in the Asia-Pacific region.
- The project combines manufacturing, sales, charging, and user services to strengthen Xpeng’s ASEAN market presence.
- Xpeng delivered 39,773 vehicles overseas from January to November 2025, representing a 95% year-on-year increase.
- XPeng Inc. shares fell 2.97% to $18.43, trading below the previous close with volume at 42% of the 65-day average.
Xpeng has launched a manufacturing partnership with Malaysia’s EP Manufacturing Berhad (EPMB) to produce EVs locally in Malacca. This project marks Xpeng’s second major Asia-Pacific production site and third globally. Mass production is set to start in 2026 as part of Xpeng’s ASEAN expansion plan.
Xpeng Partners With EPMB to Strengthen ASEAN Presence
According to a press release that was shared with PR Newswire, Xpeng will collaborate with EPMB to manufacture intelligent EVs tailored for Malaysia and surrounding markets. The project integrates local production, sales, charging, and user services. This will enhance Xpeng’s responsiveness and market reach in the region.
The Malacca plant will support Xpeng’s global network, complementing operations in Indonesia and Austria. It will form part of an interconnected production and service ecosystem. Xpeng aims to expand across the ASEAN bloc using this platform.
Xpeng Vice President James Wu said Malaysia is central to its regional strategy. “Establishing local production in Malaysia marks a key milestone,” Wu said. He cited the value of EPMB’s experience and alignment with Xpeng’s goals.
Malaysia Project Supports Industrial Growth Goals
EPMB brings decades of manufacturing expertise to the collaboration. The firm will contribute local insights, production capability, and support services. The goal is to deliver high-quality EVs for Malaysian consumers.
Hamidon bin Abdullah, EPMB’s Founder and Executive Chairman, welcomed the partnership. “We are excited to work with Xpeng,” he said. He emphasized their shared goal of driving innovation in Malaysia.
The production project aligns with Malaysia’s green economy targets. It supports industrial upgrading and local job creation. Malaysia aims to grow its NEV ecosystem and high-end manufacturing sector.
The factory in Malacca will serve both local and export demand. Xpeng expects to improve delivery times and reduce supply chain friction. The company continues expanding across Southeast Asia.
Global Expansion Continues With Malaysia Launch
Xpeng has increased its global presence through rapid delivery growth. From January to November 2025, the company delivered 39,773 vehicles overseas. That represents a 95% increase compared to 2024.
Xpeng’s global sales and service network now spans 52 countries and regions. It operates 321 overseas outlets. The Malaysia project will enhance coordination across the Asia-Pacific market.
The new plant will help Xpeng integrate manufacturing with regional operations. This is part of its plan to scale EV delivery and technology exports. The company expects the Malacca facility to start mass production in 2026.
XPeng Stock Falls Nearly 3% to $18.43 as Trading Volume Lags
Tracking the current stock performance, XPeng Inc. shares traded at $18.43, reflecting a drop of 2.97% despite the new partneship. The stock opened at $18.43 and has traded within a day range of $18.39 to $19.05. Compared to the previous close of $18.99, the price declined $0.56.
The volume reached 4.64 million shares, which is 42% of the 65-day average volume of 11.16 million. The 52-week trading range spans from a low of $11.14 to a high of $28.24. The intraday chart shows steady downward movement from the morning session.
The stock experienced early losses and continued to decline throughout the trading day. Minor fluctuations were observed before midday, followed by further downward pressure. The trend remained negative into early afternoon trading hours.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
