Xpeng has launched the G9 and G6 SUVs and the P7 sedan in Spain and Portugal as it expands its European footprint.
Xpeng (NYSE: XPEV) has entered the Spanish and Portuguese markets, as the Chinese electric vehicle (EV) maker expands its European footprint.
The company held launch events in Madrid, Spain, on September 25 and Lisbon, Portugal, on September 26, launching the G9 and G6 SUVs (sport utility vehicles) and the P7 sedan in both European countries, according to a statement today.
In Spain, Xpeng received 650 reservations for test drives on the day of the launch in Madrid, it said.
By partnering with Salvador Caetano, the largest automotive group in the Iberian Peninsula, Xpeng will quickly establish a sales network in the Spanish market covering 10 cities, including Madrid, Barcelona, Seville and Malaga, according to the company.
In addition, Xpeng's sales network in Portugal will expand to 6 sales outlets by the end of 2024 and 15 by the end of 2025, on top of its current 2 sales outlets in Lisbon and Porto, it said.
Xpeng exported a batch of vehicles to Norway at the end of 2020, marking its first foray into the European market.
The company paused its overseas expansion in the second half of 2022, but restarted that effort in early 2023.
On February 18 -- the first working day after China's 2024 Lunar New Year holiday -- Xpeng chairman and CEO He Xiaopeng said in an internal letter that 2024 would be the first year of V 2.0 for Xpeng's internationalization efforts.
The company launched the G9 and P7 in Germany in March and the G9 and G6 in France in May.
In July, Xpeng took the G6 to the Goodwood Festival of Speed 2024, marking the model's UK debut.
The G6 would be open for ordering in the UK later this year, Xpeng said at the time.
Spain, the fourth-largest economy in the European Union, is an important option for Chinese carmakers looking to grow sales overseas, Xpeng said today, adding that the Portuguese car market has also shown strong growth in sales in recent years.
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