{"id":57013,"date":"2023-09-05T06:31:23","date_gmt":"2023-09-05T10:31:23","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/xpeng-says-it-plans-to-expand-into-more-european-markets-next-year\/"},"modified":"2023-09-05T06:31:25","modified_gmt":"2023-09-05T10:31:25","slug":"xpeng-says-it-plans-to-expand-into-more-european-markets-next-year","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=57013","title":{"rendered":"Xpeng says it plans to expand into more European markets next year"},"content":{"rendered":"
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\u00a9 Reuters. People visit at the XPeng Motors booth at the Auto Shanghai show, in Shanghai, China, April 19, 2023. REUTERS\/Aly Song\/File photo<\/span>
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MUNICH (Reuters) – Chinese electric vehicle maker Xpeng (NYSE:) plans to expand into more European markets, including Germany, Britain and France in 2024, president Brian Gu told reporters on Monday at the IAA (NYSE:) Mobility motor show in Munich.<\/p>\n

The company will distribute its G9 and P7 EVs into Israel from early next year and will offer its G6 as its first right-handed model, Gu added.<\/p>\n

\u201cWe have a bold plan to move into the global arena,\u201d he said. The company already sells in the Netherlands and Norway.<\/p>\n

China’s EV makers are seeking to expand in the region, aiming for higher margins and faster growth in overseas markets and challenging European companies on their home turf with cheaper models.<\/p>\n

Chinese EV makers are also struggling with a bruising price war at home that has squeezed their profitability and capped growth. <\/p>\n

While their EV sales picked up rapidly in South East Asia and South America, the European market has remained difficult for Chinese auto brands.<\/p>\n

Though they are able to offer competitively priced models, Chinese makers have faced challenges in Europe including regulations, EV infrastructure, consumer preferences and brand recognition. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. People visit at the XPeng Motors booth at the Auto Shanghai show, in Shanghai, China, April 19, 2023. REUTERS\/Aly Song\/File photo MUNICH (Reuters) – Chinese electric vehicle maker Xpeng (NYSE:) plans to expand into more European markets, including Germany, Britain and France in 2024, president Brian Gu told reporters on Monday at the […]<\/p>\n","protected":false},"author":1,"featured_media":43821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-57013","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nXpeng says it plans to expand into more European markets next year | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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