XPeng (XPEV) Expands to Norway with First P7 Sedan Shipment

XPeng Motors (NYSE: XPEV) began sending the first shipment of its flagship P7 sedan from its headquarters in Guangzhou to Norway Tuesday. This is the first time the XPeng P7 has been exported outside of China. According to a press release, the company says the move reinforces its long-term commitment to building its international market presence.

"While China remains its base and core market, XPeng is committed to developing international markets with a long-term perspective. The rollout of the P7 in Norway represents the next logical step in this strategy, and vindicates its progress to date in developing its presence outside China," the company said.

The first Norwegian customers are expected to receive deliveries in the fourth quarter, the company said. XPeng did not say how many P7 cars it is sending.

"We are dedicated to meeting the growing customer demand for our smart EVs in China and internationally by bringing the most sophisticated and stylish models to our customers," said He Xiaopeng, Chairman and CEO of XPeng, adding, "We are eager to bring these advanced capabilities and services to our international customers in highly localized forms."

By Michael Elkins | [email protected]

You May Also Be Interested In

• XPeng may consider overseas production due to Europe regulatory scrutiny
• Workday (WDAY) Announces Resignation of Ann-Marie Campbell from Board
• Central Securities (CET) Releases Report to Stockholders