- The Munich R&D center is Xpeng's ninth globally, aimed at directly listening to European voice.
- Xpeng aims for overseas markets to contribute half of its sales within the next decade.
Xpeng (NYSE: XPEV) has officially opened its first R&D center in Europe, bolstering its commitment to a major export market.
The Chinese electric vehicle (EV) maker announced the development today on Weibo, and the center is located in Munich, Germany.
This marks Xpeng's ninth global R&D center, following facilities in Silicon Valley and San Diego in the US.
Xpeng said on September 8, the opening day of the IAA Mobility auto show in Munich, that its first European R&D center would soon be operational.
The center enables Xpeng to directly listen to European users and translate their needs into innovations, said Brain Gu, vice chairman and co-president of the company, during a press briefing.
The move extends Xpeng's R&D capabilities and demonstrates the company's commitment to globalization, Gu added.
Xpeng entered the Norwegian market in 2021, marking its official entry into Europe. To date, it has expanded into 46 countries and regions worldwide.
The company aims for overseas markets to contribute half of its sales within the next decade, its management previously stated.
Xpeng delivered a record 37,709 vehicles in August, representing a 168.66 percent year-on-year increase and a 2.70 percent rise from July.
From January to August, Xpeng delivered 271,615 vehicles, a 251.79 percent increase year-on-year.
Cumulative deliveries since the company's founding reached 861,994 vehicles by the end of August, according to data compiled by CnEVPost.
