The Chinese carmaker is expanding into 40 new countries throughout 2024
If EU tariffs are approved, Xpeng will be slapped with an additional 21.3% surtax. The brand also sees the US as an important market but can't launch locally, at least not yet. Xpeng is open to contract manufacturing in Europe . Xpeng may look to skirt Europe an tariffs applied to Chinese-built EVs by localizing production on the continent. The Chinese EV startup is embarking on a huge worldwide expansion, kicking off sales in almost 40 new countries in 2024 alone.
Read: Xpeng P7+ Is The Latest Ultra-Efficient EV From China While recently speaking with Bloomberg, Xpeng vice chairman and co-president Brian Gu noted plans for European production are indeed in the works, but are still at an early stage. “We’re looking at multiple options, ranging from contract manufacturing to working with existing plants, or even thinking about plants,” he said. “But those are still very preliminary.
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