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XPENG-W: Intl Sales Contribution Estimated to Maintain at 20%; Most Products Sold in Europe to Be Locally Produced in Future
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Based on the latest monthly data, international market sales of XPENG-W (09868.HK) accounted for nearly 20% of the company's total sales, XPENG-W Vice Chairman and Co-President Brian Gu stated. In comparison, international sales represented only about 10% of global sales last year, indicating that the importance of international operations in the overall sales mix is advancing dramatically. New models developed for global markets have not yet been officially launched, and the current growth momentum is expected to continue in the coming quarters and throughout the year. In view of this assessment, the group believes maintaining international sales contribution at around 20% is achievable. Meanwhile, the China market is also showing positive growth signals, which will support the company's overall development. Regarding localized production, Gu noted that the company has established two factories in SE Asia, located in Indonesia and Malaysia, primarily to serve local market demand. In addition, it has formed a partnership with a Magna factory in Austria to produce vehicles for the European market. This year, all three production bases will further expand capacity and gradually commence production of new models. In the future, most products sold by the company in the European market are expected to be locally produced. AASTOCKS Financial News |
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