Hyperdrive
Xpeng Exploring Localization Options as Europe Tariff Vote Looms
- Contract manufacturing, working with existing plants on table
- EU member states vote Friday on imposing definitive tariffs
An Xpeng G9 EV on display in Munich.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Chinese automaker Xpeng Inc. is looking at several options in Europe that may help it to localize production and sidestep tariffs the bloc is levying on electric vehicles made in Asia’s biggest economy.
“We’re looking at multiple options, ranging from contract manufacturing to working with existing plants, or even thinking about [new] plants,” Vice Chairman and Co-President Brian Gu said in a Bloomberg TV interview from Berlin on Wednesday. “But those are still very preliminary.”