Xpeng Expands Global Reach with New European Manufacturing Plans
Chinese EV maker aims to localize production in Europe to navigate tariffs and bolster international sales.
Overview
- Xpeng is scouting for a European manufacturing site to avoid high import tariffs.
- The company plans to set up a large-scale data center in Europe to enhance its intelligent driving features.
- Xpeng's partnership with Volkswagen is crucial for managing supply chains and expanding globally.
- Other Chinese EV makers like BYD and Zeekr are also establishing production in Europe.
- Xpeng's new Mona M03 model has garnered significant attention with 10,000 orders within a day of its launch.