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To reduce the impact of tariffs: Xpeng plans to produce electric vehicles in Europe

2024-08-27

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Fast Technology reported on August 27th,Xpeng MotorsChairman He Xiaopeng recently revealed,The company is planning to produce electric vehicles in Europe to mitigate the impact of import tariffs.

He believes thatBuilding a factory in Europe is part of Xpeng Motors' localized production plan, and the site selection work is still in the early stages.

In addition, He Xiaopeng also emphasized the importance of efficient software collection in the intelligent driving functions of automobiles, and announced that Xiaopeng Motors plans to build a large data center in Europe.

Despite the challenges of tariff increases, Xpeng Motors' internationalization strategy and profit expectations have not been affected.

In terms of technical cooperation,On July 22, Xpeng Motors and Volkswagen signed an electronic and electrical architecture cooperation agreement, aiming to accelerate the development of related technologies and achieve mass production of the first model within the next 24 months.

During the cooperation, the two parties established a joint development project team in Guangzhou and Hefei, and the engineers will work closely together to promote the development of electronic and electrical architecture technology.

Under the joint development agreement, Xpeng Motors and Volkswagen Group will continue to explore broader cooperation opportunities, expand the application scope of electronic and electrical architecture, and hope to further strengthen their partnership through strategic cooperation.