Chinese EV maker Xpeng Motors said it would enter the German market.
Launches in France, Italy and the UK would follow.
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The automaker already operates in Denmark, (EV friendly) Norway, Sweden and the Netherlands, and has targeted a 3% share of the new energy vehicle (NEV) segment in Germany by the end of 2024.
Xpeng operates through established dealer networks and, when sales start in May, will have 24 retail locations across Germany with plans to expand to 120 by the end of 2026.
Markus Schrick, managing director for Xpeng Germany, said: “We are delighted to be able to take our place in one of the most competitive automotive markets in the world.”
See Also:
The company would launch with the flagship G9 SUV and P7 sports sedan with an additional model within months. G9 and P7 are already available in Norway, Denmark, Sweden, and the Netherlands.
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