Xpeng to Expand European EV Production
Chinese EV maker Xpeng plans to expand European production to comply with new local content rules. The company aims to partner with a local manufacturer for a cost-effective assembly line within months.
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XPENG INC - ADR plans to expand European manufacturing to comply with new European Union local content rules, vice president Yeqing Zheng said during the Paris car show on Sunday afternoon. The China-based EV maker aims to finalize partnership details within months. The move ensures the company can scale deliveries while meeting regulatory demands for regional production.
