The assault on European automakers: China's Xpeng targets Volkswagen plants - Economic Scenarios
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evshift.comXPeng in talks to buy an empty Volkswagen factory
The European automotive market is experiencing an interesting shift. Legacy manufacturers dominated the continent for decades with massive factories and established supply chains, but now, the tables are turning in a rather ironic way. Young Chinese EV manufacturers are outgrowing their production lines, just as established local giants are trying to downsize. The latest example of this trend involves XPeng, a Chinese brand that is already in ne…
Xpeng is considering using Volkswagen factories in Europe to assemble its electric vehicles. This marks a new step in the growing Sino-German alliance, but not necessarily in the way one might have expected. Meanwhile, other Chinese manufacturers are also eyeing the industrial capacity of the Old Continent. [Read more] Subscribe to Frandroid on Google so you don't miss any articles!
Xpeng in talks with Volkswagen to buy European factory
Chinese EV maker Xpeng is in talks with Volkswagen to purchase one of its European factories, according to new reports. The news, first reported in the Financial Times, comes just days after Volkswagen CEO, Oliver Blume, said the company could bring its VW China-developed cars to Europe, or share factory capacity here with its Chinese partners. Volkswagen China was founded in 1985, when the German carmaker went into a joint venture (JV) with Chi…
In the last few months, this practice has become a habit. Rather than building their own factories on European soil, they have been... Read more Xpeng plans to buy the European factory from a historic manufacturer first appeared on Automobile Clean.
According to the Financial Times, XPeng would currently negotiate the purchase of a factory in Europe, and Volkswagen would be among the interlocutors. Elvis Cheng, head of XPeng for the north-east of Europe, confirmed that the brand is seeking to produce locally, to reduce its dependence on subcontractors and alleviate the logistics bill. Today, XPeng models sold in Europe come out of the lines of Magna Steyr, Austria, an additional solution th…
The assault on European automakers: China's Xpeng targets Volkswagen plants - Economic Scenarios
Who would have thought that a historic giant like Volkswagen would one day consider selling its factories to a Chinese startup? Yet, the wheels of the economy are turning rapidly. China's Xpeng, a rapidly expanding brand, is planning a massive entry into the European market. According to the Financial Times , the Asian company is in talks with Volkswagen to acquire a production site on the Old Continent. From an economic perspective, the picture…
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