"Chinese electric car maker Xpeng has officially started manufacturing electric passenger vehicles in Europe, beating rival BYD to the punch, though not by much. Xpeng has partnered with Austrian contract manufacturer Magna Steyr to begin local production of the G6 and G9 electric crossovers, with the first units having already rolled off the production line. Magna is one of the biggest names in the automotive industry, with its manufacturing facility in Graz, Austria, being responsible for assembling the Mercedes-Benz G-Class and BMW Z4."
"Instead of pouring billions into a new factory, it went to a highly regarded contract manufacturer to kickstart its European ambitions. By building EVs in the European Union, Xpeng should be able to avoid the import tariffs on Chinese EVs that were introduced last year. These come on top of a 10% duty and range from 7.8% for Tesla to 35.3% for other automakers."
Xpeng has begun local production of electric passenger vehicles in Europe through a partnership with Austrian contract manufacturer Magna Steyr in Graz, producing the G6 and G9 crossovers with initial units already rolled off the line. Magna's Graz facility assembles the Mercedes‑Benz G‑Class and BMW Z4 and previously handled the Jaguar I‑Pace and Fisker Ocean. Xpeng opted for contract manufacturing to avoid building a new factory and to mitigate EU import tariffs on Chinese EVs. Series production is expected to ramp next month, ahead of BYD's European production plans, with local production set to expand to additional models. Xpeng was founded in 2014.
Read at InsideEVs
Unable to calculate read time
Collection
[
|
...
]