Reported about 18 hours ago
Chinese electric vehicle manufacturer Xpeng has commenced production in Europe by partnering with Austria's Magna Steyr, marking a significant step in its globalization strategy. By assembling its G6 and G9 SUVs in Graz, Xpeng aims to circumvent European tariffs on imports of Chinese-made EVs, enhancing its competitive edge in the automotive market. The company plans to deepen cooperation with Magna Steyr over time and increase localization efforts, as more Chinese carmakers look to establish production facilities in Europe.
Source: YAHOO