On August 14, XPENG signed a strategic cooperation agreement with China CITIC Bank in Guangzhou, according to a post on XPENG’s WeChat account.

By incorporating Zhizi Automobile's high-performance new energy commercial vehicles, KargoBot.ai plans to enhance its operations in short-haul transport and provide the hardware foundation for scaling autonomous driving.

The milestone marks a significant advance in the automaker's globalization drive across Latin America, while also standing as a model of China's automotive industry moving upmarket in overseas markets.