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28 September 2023

Daily Newsletter

28 September 2023

Xpeng ships 750 EVs to Israel

Chinese start-up has high ambitions for Middle-East region, with Israel seen as having ‘huge potential’

Dani Cole September 28 2023

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.

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.

APAC leads the connected vehicle technologies market in 2023

The middle class is expanding throughout several Asian nations, which has increased demand for linked and intelligent vehicles. Consumer demand for features like connected services, in-car infotainment, and ADAS has accelerated the development of connected vehicle technologies. APAC nations have made significant investments in enhancing their digital infrastructure, including the rollout of 5G networks, which help to provide dependable and quick communication between vehicles and the surrounding infrastructure.

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