Chinese electric car maker Xpeng expands into Sweden and Netherlands
10/02/2022 16:00
SHANGHAI, Feb 11 (Reuters) - Chinese electric car maker
Xpeng XPEV.N 9868.HK said on Thursday it was expanding
further to Europe, taking aim at the Swedish and Dutch markets.
Until now the only overseas foray for Xpeng, which makes the
P7 and P5 sedans as well as the G3 and G9 sport-utility
vehicles, has been Norway. It began shipping its cars there in
late 2020.
Xpeng said in a statement it will open a store in Stockholm
this week and will also partner with local auto dealer Bilia
BILIa.ST .
It has also reached an agreement with the Dutch unit of
Swiss vehicle distributor Emil Frey which will develop its sales
and service network in the Netherlands and manage its stores
there.
Xpeng intends to opens a store in the Netherlands next
month, it added.
Led by former Alibaba 9988.HK executive He Xiaopeng,
China's seventh-biggest EV maker is developing smart-car
technologies including a smart cabin and autonomous driving.
(Reporting by Brenda Goh; Editing by Edwina Gibbs)
((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters
Messaging: brenda.goh.thomsonreuters.com@reuters.net))