Chinese electric vehicle (EV) makers Nio (NIO) and XPeng (XPEV) impressed investors with their robust October deliveries, while Li Auto (LI) continued to struggle. Notably, Nio’s monthly deliveries passed the 40,000 units mark for the first time in October, while XPeng’s deliveries crossed this level for the second consecutive month. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at …
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Xpeng begins local production in Europe to help mitigate high tariffs
Xpeng‘s first European production facility is in Austria, where the first batch of G6 and G9 SUVs have rolled off the line. The plant will expand production to include more Xpeng models in the future. (Image credit: Xpeng) Xpeng (NYSE: XPEV) has commenced localized production in Europe, which is expected to help it expand its market share by mitigating the …
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