• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

China’s Xpeng expands global footprint with Austria plant

by September 15, 2025
by September 15, 2025

Chinese electric vehicle manufacturer Xpeng Inc. has marked a major milestone in its global expansion by opening its first European production line.

The move comes through a partnership with Austrian contract manufacturer Magna Steyr, a company known for its long history of assembling vehicles for international automakers.

The collaboration enables Xpeng to roll out its G6 and G9 sport utility vehicles from Magna’s Graz plant in southern Austria, with the first batch already completed.

This development underlines a shift in strategy by Chinese EV makers, who are looking to sidestep tariffs and broaden their customer base in key overseas markets.

European production base to offset tariffs

The European Union introduced tariffs on Chinese EV imports in 2024, ranging between 20.7% for cooperating automakers and up to 35.3% for others.

By localising production in Austria, Xpeng gains an important cost advantage in the region, protecting its vehicles from these additional charges.

The decision also highlights how Chinese EV manufacturers are adapting to growing trade barriers while still seeking to capitalise on strong European demand for clean transport solutions.

The Austrian venture follows Xpeng’s decision to begin assembly operations in Indonesia in July.

This dual strategy of Southeast Asian and European manufacturing allows the company to hedge against policy risks while ensuring smoother access to both established and emerging EV markets.

Expanding global operations alongside R&D in Munich

In addition to manufacturing, Xpeng has been building out its European footprint through research and development.

Earlier this month, the company’s Munich R&D centre was part of the IAA Mobility show, hosting more than a dozen Chinese automakers.

The facility plays a key role in designing models tailored to European preferences, including electric sedans planned for production at Magna’s Graz plant.

This European R&D presence ensures that Xpeng’s vehicles are not just assembled locally but are also developed with the regional market in mind.

The Munich centre gives the company an edge in creating designs that meet European standards and expectations, strengthening its competitive positioning.

Sales surge amid domestic pressures

Xpeng’s international expansion is happening alongside strong sales growth at home.

The company delivered 271,615 EVs in the first eight months of 2025, three times more than the same period in 2024.

Its American depositary receipts have risen about 77% since January, reflecting investor confidence in its scaling operations.

The rapid growth also comes against the backdrop of challenges in China’s domestic EV market, where overcapacity and a prolonged price war have been squeezing margins.

By establishing overseas bases, Xpeng can reduce reliance on its home market and seek better profitability in regions with higher average selling prices.

Quality concerns following recall

While Xpeng has expanded rapidly, it has also faced setbacks. Late last week, the company recalled most of its P7+ models due to a steering issue.

The recall highlights the importance of quality control as the company pushes into new markets, where safety and reliability standards remain under intense scrutiny.

The incident serves as a reminder of the difficulties EV manufacturers face as they balance growth with the need to maintain robust product quality.

For Xpeng, ensuring that its vehicles meet stringent European safety regulations will be vital to sustaining momentum in its overseas push.

The post China’s Xpeng expands global footprint with Austria plant appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
North Korea-linked hackers use AI to forge South Korean military ID in phishing attack
next post
The FTSE 100 Index has been in a strong uptrend in the past few months

Related Posts

Analysis: Crude prices under pressure as 2026 outlook...

October 6, 2025

Tata Capital eyes $15.7 billion valuation in India’s...

October 6, 2025

India may settle $22.5bn Vodafone dispute to cement...

October 6, 2025

Here’s why the Rolls-Royce share price is up...

October 6, 2025

Ardian buys Ireland’s Energia Group in €2.5bn deal...

October 6, 2025

Europe markets open: Stoxx 600 slips 0.1% as...

October 6, 2025

China Financial Leasing’s $11M plan signals Hong Kong’s...

October 6, 2025

Japanese stocks may extend record run as Takaichi...

October 5, 2025

Former Tesla exec sees continued growth for EVs;...

October 5, 2025

Weekly wrap: A US shutdown; a UK terror...

October 5, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • CommsCloud’s new SIMs make borderless African IoT logistics a reality

    October 6, 2025
  • Housing’s Deep Freeze: Existing Home Sales at 25-Year Lows

    October 6, 2025
  • Nigeria’s Shea Ban Backfires, Crushing Millions of Women Workers

    October 6, 2025
  • Analysis: Crude prices under pressure as 2026 outlook signals surplus

    October 6, 2025
  • Tata Capital eyes $15.7 billion valuation in India’s biggest IPO of 2025

    October 6, 2025
  • India may settle $22.5bn Vodafone dispute to cement UK ties

    October 6, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,791)
  • Editor's Pick (280)
  • Investing (185)
  • Stock (1,904)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Why India banned Jane Street from its...

July 4, 2025

Estee Lauder stock price analysis: rebound can’t...

May 16, 2025

Asia markets mixed as China trade data...

July 14, 2025