TECH - Tesla's Chinese Rival Ventures Into Volkswagen's Home Turf With Car Sales Launch In May | Benzinga
Tesla’s Chinese rival XPeng (NYSE:XPEV) has officially entered into the German market dominated by automakers including Volkswagen (OTC:VWAGY).
What Happened: The launch, announced last week, was part of the company’s European expansion. The company is already present in Denmark, Norway, Sweden and the Netherlands.
“The launch in Germany is a milestone moment for XPENG and we are delighted to be able to take our place in one of the most competitive automotive markets in the world,” Markus Schrick, Managing Director for ...