Xpeng Announces Plans to Expand into Sweden, Netherlands

Chinese electric vehicle (EV) maker Xpeng has announced plans to further expand into Europe, moving into Holland and Sweden.

Xpeng first entered Europe when it launched in Norway in 2020.

The company said in a statement it will open a store in Stockholm this week and will also partner with local auto dealer Bilia.

It has also reached an agreement with the Dutch unit of Swiss vehicle distributor Emil Frey, which will develop its sales and service network in the Netherlands and manage its stores there.

Xpeng plans to open a store in the Netherlands next month, it added.

Led by former Alibaba executive He Xiaopeng, China’s seventh-biggest EV maker is developing smart-car technologies including a smart cabin and autonomous driving.

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Neal McGrath

Neal McGrath is a New York-based financial journalist. Neal started his career covering the Asia-Pacific region for the Economist Intelligence Unit, then joined Asian Business magazine. He's subsequently held a variety of editorial positions covering business, economics, finance and sustainability. Neal has lived and worked in Hong Kong, Singapore, Germany and the US.