Xpeng's European Focus Despite Tariffs
This is a China news story, published by CNBC, that relates primarily to Gu news.
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Chinese EV industryCNBC
•Xpeng president says Chinese EV firm remains committed to Europe despite pressure from tariffs
72% Informative
EU voted to adopt definitive tariffs on imports of China -made battery electric vehicles earlier this month .
Xpeng President Brian Gu said that this has put "a lot of pressure" on its business model.
Gu said the firm has a "long-term focus" in the continent and is aiming to "find every possible way to address and make ourselves competitive" Gu said he plans to become more local in Europe , ramping up its manufacturing capabilities.
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