Volkswagen begins ID.UNYX 08 series production, its first EV developed with XPeng (Source: XPeng Motors)
XPeng (XPEV) is in talks with Volkswagen about acquiring a factory in Europe as the Chinese EV maker’s contract production in Austria runs out of capacity. The company’s exports hit a record 6,006 vehicles in April, up 62% year-over-year.
The move comes just one day after BYD revealed it is also pursuing European factory deals with Stellantis and other automakers, signaling a broader wave of Chinese automakers moving to localize production on the continent.
XPeng outgrowing its Austrian production line
Elvis Cheng, XPeng’s managing director of northeastern Europe, revealed the negotiations at the Financial Times’ Future of the Car summit on Wednesday. He confirmed XPeng is discussing with Volkswagen the possibility of finding a production location in Europe, according to a Financial Times report.
