XPeng Motors Acquires 90.1% Controlling Stake in Indonesia's EIDO

According to the latest documents disclosed by the Indonesia Stock Exchange, XPeng Motors has officially completed the acquisition of a controlling stake in EIDO, an electric vehicle manufacturing entity under Indonesia's Erajaya Group. Holding a 90.1% share, XPeng has become the controlling shareholder of the company. This move marks a critical step forward in XPeng's localization production strategy within Southeast Asia's largest automotive market.