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XPENG-W: Overseas Demand Exceeds Forecasts w/ Plans to Build Plants Outside CN
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He Xiaopeng, Chairman of XPENG-W (09868.HK), said that the Company is in discussions with overseas automakers regarding potential partnership, hoping to commercialize its driver assistance technology globally and expand production scale outside China, according to foreign media. Overseas demand for its vehicles has exceeded expectations, particularly in France and Germany, where sales have surpassed local production capacity, XPENG-W added. As a result, the Company plans to expand overseas production starting this year, including upgrading existing plants and building new facilities, with Europe, Southeast Asia and Latin America being under consideration. Auto-translated by AI AASTOCKS Financial News |
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