Xpeng announces launch in more European markets
After its European debut in Norway, the Chinese electric car manufacturer Xpeng also plans to launch in Sweden, Denmark and the Netherlands next year. It is not yet known when Xpeng also plans to come to the UK or the USA.
The three other markets were announced by Xpeng President Brian Gu in an interview with the US broadcaster CNBC. In Norway, Xpeng had already delivered a smaller number of the G3 electric SUV at the end of 2020, and since the end of October the P7 electric sedan has also been available in the showcase country for electric mobility. A timetable beyond 2022 or further countries have not been confirmed – so for the time being there is no statement on a possible launch in Germany.
In the long term, half of Xpeng’s vehicle deliveries should go to countries outside China, Gu reiterated a well-known target of the company. “As a company that focuses on global opportunities, we want to be balanced with our contribution of delivery — half from China, half from outside China — in the long run,” Gu said in the interview. However, the Xpeng president did not give a time frame for when this goal would be achieved.
At the end of November, the company had presented its business figures for the third quarter. Thanks to a stable increase in deliveries, the quarterly turnover even exceeded the expectations of many analysts, which led to a jump in the price of the share, which is traded in the USA. However, due to the investments, the net loss also increased to around 220 million euros.
Gu now stated that the carmaker could break even within two years. This would narrowly miss the target proclaimed before the Corona crisis and the resulting semiconductor shortage: at the end of 2019, Gu had held out the prospect of black figures “in two or three years” – instead of the end of 2022, it could now be the end of 2023, according to the current assessment.
It is not yet known with which models Xpeng intends to enter the three new European markets. According to Gu, the P7 already accounts for 77 per cent of deliveries and has clearly overtaken the G3 electric SUV in popularity. However, the first units of the smaller sedan P5 have also been delivered since October, which could shift the ratio again. In addition, Xpeng had presented its first model designed for international markets a few days ago with the G9.
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