EV prices in UK and EU not likely to dive due to Chinese rivalry, says Xpeng boss

The Guardian16 jun 2026Markt
Automatisch samengesteld met AI uit de vermelde bronnen

Xpeng sold 7,300 cars in Europe in the first three months of 2026, while vice-chair Brian Gu argued that Chinese manufacturers would compete on quality and differentiation in developed markets rather than cutting prices, contrasting with the domestic Chinese market where 129 competitors triggered a price war. The company has a contract manufacturing deal with Magna and is evaluating offers to buy European plants, though Volkswagen’s offered German facility was described by another Xpeng executive as “a little bit, I would say, old.”