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Benzinga
Benzinga
Business
Shivani Kumaresan

Xpeng Expands In Europe Through Partnerships In Sweden, Netherland

Europe Sweden Xpeng XPEV Hague He Xiaopeng NYSE Xpeng Inc
  • Xpeng Inc (NYSE:XPEV) said it has entered into strategic partnerships in the Netherlands and Sweden to self-operate experiencing retail stores in Europe.
  • The company signed the agreement with Emil Frey Nederland NV (Emil Frey) in the Netherlands and with the automobile dealer, Bilia in Sweden.
  • Xpeng plans to open its retail experience store in the Westfield Mall of the Netherlands near The Hague in March 2022.
  • The company plans to build its European presence with a combination of self-operated retail stores alongside its local agency partners’ retail and service network.
  • “Our global journey starts from Europe, propelled by our commitment to increasing smart EV penetration,” said CEO He Xiaopeng.
  • Price Action: XPEV shares closed lower by 4.46% at $38.92 on Thursday.
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