Xpeng executive says EV maker will expand European production ahead of local content rules
7 Articles
7 Articles
Channel News Asia
Xpeng executive says EV maker will expand European production ahead of local content rules
LONDON, Oct 12 : Chinese EV maker Xpeng plans to expand its European production in order to comply with new European Union rules mandating minimum local content in electric cars, company vice president Yeqing Zheng told Reuters at the Paris car show. • Magna currently produces EVs under contract for Xpeng
Chinese manufacturers are not going to adapt to the EU Made in Europe regulation but are already moving forward.The brands of the Asian giant are ready to settle on European territory and already negotiate whole supply chains before even knowing the exact details of the EU’s ‘Made in Europe’ plan, so that they are even more prepared than local manufacturers.The debate on the Industrial Acceleration Act, and the local content clauses of the futur…
Xpeng Plans New European Production Line to Meet EU ‘Made in Europe’ Rules
Chinese electric vehicle maker Xpeng plans to expand its European manufacturing capacity through a partnership with a local manufacturer, marking the company’s major step to comply with proposed European Union rules requiring minimum local content in electric cars while supporting its expected growth in the region. Yeqing Zheng, Xpeng’s vice president, told Reuters at the […]
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
