Xpeng continues to drive forward its growth strategy in Europe. From the IAA Mobility 2023 show in Monaco, the Chinese car manufacturer announced that after Denmark, Norway, the Netherlands and Sweden, it will land a new car. also in Germany. Therefore, the constructor is therefore ready to debut in one of the most important car markets; of the Old Continent.
Initially, Xpeng will bring; the P7 sedan and the G9 SUV. Commercialization of both models will begin at the end of the year. in Germany next year.
THE GROWTH CONTINUES IN EUROPE
Xpeng's goal is to to grow further in Europe. Subsequently, in fact, the Chinese brand also aims to enter the car markets of France and the United Kingdom. The Chinese house, with its expansion plan in the Old Continent, intends to carve out its own space within the car market. It will be therefore it is very interesting to find out how sales will go in one of the most important markets in the world. competitors of the Old Continent. In this regard, Brian Gu, co-president of Xpeng, commented:
Xpeng is entering one of the most important automotive markets in the world. competitive in the world, with customers who expect the highest standards; absolute high; we want to introduce a new level of sophistication with impressive technology that will define the industry. the new era of mobility; clever.
Announcing the forthcoming landing in Germany, the Chinese brand has also opened the “Xpeng Germany” website. Still speaking of this country, the car manufacturer also points out that it has recently entered into an important collaboration agreement with the Volkswagen Group of which we have already reported. spoken.
The agreement between Volkswagen and Xpeng provides, first of all, for the joint development of two Volkswagen-branded medium-sized electric models that will be marketed in China. They will complement the vehicles on the MEB platform and will arrive on the market in 2026. In addition, the two companies will work to create a new platform to be used for future electric models to be marketed in China as well. Furthermore, the Volkswagen Group will go; to invest about 700 million dollars in the Chinese automaker. This operation will allow the to the Germans to acquire 4.99% of the capital of Xpeng.
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