Substantial Progress of Chinese Automakers Overseas
Despite trade frictions, Chinese automakers are accelerating their localization of production and market expansion in Europe:
1. XPeng's European Localization: The XPeng G9L completed its first production trial at Magna's Graz plant in Austria, marking its fourth model to be produced in Europe. The vehicle will travel 1,324 kilometers from Graz to Paris for its global debut at the Paris Motor Show on October 12th. XPeng has delivered over 60,000 vehicles in Europe to date.
2. BYD's European Sales Soar: Benefiting from surging demand for electric vehicles in Europe, BYD's overseas sales increased by 152% in September.
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