Hyperdrive
China’s Xpeng Aims to Expand With Entry Cars, Europe Production
- Xpeng is searching for site to add local production in region
- EU set to finalize import duties for China EV makers this year
An Xpeng X9 electric vehicle at a showroom at the company's headquarters in Guangzhou, on Aug. 22.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Xpeng Inc. is looking to expand sales with a mass-market brand, while attempting to avoid higher tariffs in Europe by seeking a manufacturing site in the region.
The carmaker is in the initial stages of selecting a site in the European Union as part of its plan to localize production of its eponymous brand, Chief Executive Officer He Xiaopeng said last Thursday in an interview with Bloomberg at the company’s headquarters in Guangzhou, China.