XPEV - XPeng Fears Tariff Hike In Europe Reportedly Considers Investing Abroad | Benzinga
Chinese electric vehicle (EV) manufacturer XPeng Inc (NYSE:XPEV) is reportedly considering overseas production amid an ongoing European investigation into Chinese-made EVs and regulatory adjustments.
The European Commission initiated an investigation in October, questioning whether Chinese-made EVs, bolstered by state subsidies, gain an unfair advantage.
China has criticized the probe as protectionist. Brian Gu, co-president of Volkswagen AG (OTC:VWAGY)-backed XPeng, mentioned during the Beijing auto show that the company currently exports limited quantities of EVs, reported Reuters.
However, evolving regulatory landscapes in the European ...