Xpeng Motors is aiming for 50% of its automobile gross sales to come back from worldwide markets inside the subsequent decade, a pointy enhance from simply 10% final yr, in line with CEO He Xiaopeng. As a part of this long-term technique, the Chinese language EV maker plans to enter 60 nations by the top of 2025 – twice as many because the earlier yr.
Xpeng didn’t specify the general 2035 gross sales goal, however the firm beforehand introduced that it’s assured in delivering roughly 380,000 automobiles in 2025, doubling its gross sales from final yr.
In July 2023, Volkswagen invested roughly 700 million USD in Xpeng, buying a 4.99% stake. For VW, this strategic partnership included plans to co-develop two mid-sized, Volkswagen-branded electrical automobiles for the Chinese language market that includes Xpeng’s tech, with manufacturing anticipated to start in 2026. For Xpeng, it introduced an urge for food for abroad expansions.
The Guangzhou-based EV maker is concentrating its efforts on Europe, Southeast Asia, the Center East, and Latin America, with plans to speculate extra closely in round a dozen key markets. Co-president Gu Hongdi said that Xpeng is working to tailor its choices to native wants, together with product changes and enhancements to service infrastructure.
In its newest transfer in March, the automaker formally expanded to Poland, the Czech Republic, Slovakia, and Switzerland, the place it appointed its native distributors.
Slightly than relying solely on imports and exports, Xpeng needs to determine a extra localised presence in worldwide markets by R&D, manufacturing, and repair networks. The present focus is on establishing sturdy native assist programs, encompassing charging infrastructure, upkeep providers, and OTA (over-the-air) updates.
Whereas latest U.S. tariff will increase gained’t have an effect on the corporate—because it doesn’t promote in that market—Xpeng considers Europe its high precedence outdoors China. The Guangzhou-based automaker is exploring manufacturing alternatives within the area and anticipates launching a number of new fashions there over the following three years.
Xpeng additionally plans to construct its first abroad meeting plant in Indonesia, marking a big step towards localising manufacturing.
Wanting forward, He predicts that solely 5 to seven NEV manufacturers will stay aggressive globally over the following decade. Xpeng plans to speculate 4.5 billion yuan (roughly 616 million USD) in AI this yr and launch L3 autonomous driving capabilities in China by the top of 2025.
The corporate can also be pushing into new tech frontiers, together with flying automobiles and humanoid robots. Xpeng’s flying automobile unit, AeroHT, expects to obtain kind certification for its “Land Plane Service” mannequin by year-end, with manufacturing and deliveries starting in 2026. In the meantime, its IRON humanoid robotic is at present present process testing, with mass manufacturing focused for subsequent yr.
Final yr, Xpeng expanded to Germany, the place it offered about 800 automobiles to date, with 176 deliveries in March. In October 2024, the extra tariff of 20.7% went into impact for Xpeng’s imports because of the EC’s anti-subsidy investigation. The corporate now faces a complete tariff of 30.7% on its import of EVs into the EU.
