Chinese smart EV firm Xpeng has announced it has shipped 750 vehicles for the Israeli market, making it the largest single batch export of this year and marking its expansion into the Middle-East.
The EV maker says the two models expected to be available in Israel are the Xpeng P7 and Xpeng G9, which have been adapted for local drivers.
Eric Xu, VP of International Markets, Xpeng said: “We’re very grateful for the support of our partners and the local customs officials as we take a significant step toward launching in Israel.”
Earlier this year the firm announced its partnership with Freesbe, one of the largest car dealer groups in Israel which represents Nissan, Renault, and DACIA among other brands.
Freesbe will establish a sales and service network across the Israel in 2024. It will cover major cities such as Tel Aviv, Haifa and Jerusalem.
Previously, Mr Xu said that Xpeng had seen the “huge potential” of Israel’s EV market.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Currently ICE vehicles are subject to a 50% purchase tax in Israel.
EV buyers pay 20% purchase tax, though this is set to increase in 2024 to 35%.
By 2030, Israel wants around a third of the cars on its roads to be electric.
The launch of Xpeng’s P7 and G9 is expected in October.