Chinese EV maker Xpeng outlines Europe rollout plan

Along with Nio, Xpeng is the Chinese electric startup most closely trying to match Tesla's success. The automaker delivered 27,041 vehicles in 2020. That included Xpeng's first 100 models in Norway, marking the brand's European sales debut. A U.S. stock listing last year added more than $4 billion to its already healthy cash pile, enabling the company to finance plans to double its EV model range to four. Xpeng President and Vice Chairman Brian Gu discussed the company's plans for Europe and beyond with Automotive News Europe Correspondent Nick Gibbs.

Xpeng recently started selling the G3 electric SUV in Norway. Which other European markets are you targeting?
Europe is a big opportunity because the number of EVs sold there will beat China [in 2020]. But Europe also has a lot of incumbent brands, so we are taking our time and doing a thorough job. We are still discussing our execution plan for the rest of Europe. We have not finalized which countries will be next. That will be revealed in the next four months.