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Chinese EV maker Xpeng adds Qatar to export list amid price war at home


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******** EV maker Xpeng adds Qatar to export list amid price war at home

********

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builder
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will begin exporting its cars to Qatar as it steps up a global expansion effort amid crushing competition in the mainland China market.

The Guangzhou-based company signed an agreement with distributor Pioneer Motors on September 10, taking an initial step towards tapping consumer demand for premium electric cars in the

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nation, according to a statement.

By the end of the year, drivers in

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will have the chance to buy several fully-electric Xpeng models with self-driving technology, including the P7 sedan and
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.

Do you have questions about the biggest topics and trends from around the world? Get the answers with

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, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.

“Entering the Qatar market is a strategic move for Xpeng,” said Alex *****, the carmaker’s general manager of international markets. “It not only strengthens our presence in the Middle East but also complements our mission to provide smart, eco-friendly transport solutions on a global scale.”

Known for its

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technology, Xpeng has been aggressively expanding into markets outside mainland China as it pursues new growth engines.

Overseas sales accounted for 10 per cent of the company’s total sales of 30,207 vehicles in the second quarter of this year, it said during an earnings briefing last month.

At present, Xpeng is also selling its cars in markets like

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,
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and
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. The company also offers right-hand-drive cars to customers
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.

A clutch of ******** EV makers including

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, the world’s largest EV builder, and start-up
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are reinforcing their go-global strategies amid a bruising discount war at home.

data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==

Representatives of Xpeng and Pioneer Motors shake hands at a signing ceremony for their distributorship agreement. Photo: Xpeng alt=Representatives of Xpeng and Pioneer Motors shake hands at a signing ceremony for their distributorship agreement. Photo: Xpeng>

At the end of July, Xpeng said it had expanded the use of its self-driving system

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in a bid to attract more buyers ahead of
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. The Tesla software has not yet been approved for use in the country but is expected to enter testing in the first quarter of 2025.

The move made Xpeng the first mainland carmaker to offer a semi-autonomous driving system nationwide.

Xpeng cars fitted with the software are deemed semi-autonomous because drivers are still required to intervene under certain circumstances.

Story continues

“For Xpeng, its go-global drive is still in a preliminary stage because it takes time for the company to build its image outside China,” said Gao Shen, an independent analyst in Shanghai. “But it has to quicken its pace of international expansion because of intense competition in China.”

****** America, the Middle East and Southeast Asia are becoming key destinations among ******** EV makers for exports and production facilities, according to a report released by ratings agency Moody’s in late August.

These regions had lower ­geopolitical risks, and their EV adoption was growing as their ****** domestic product per ­capita increased and their climate ­change initiatives made progress, the report said.

In May, the US quadrupled ­tariffs on ********-made EVs, which now stand at 100 per cent.

Last month, the ********* Union said additional duties of 9 to 36.3 per cent would be applied to EVs imported from China, 11 months after it launched an anti-subsidy investigation into battery-powered cars assembled on the mainland.

This article originally appeared in the

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, the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the
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or visit the SCMP’s
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and
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pages. Copyright © 2024 South China Morning Post Publishers Ltd. All rights reserved.

Copyright (c) 2024. South China Morning Post Publishers Ltd. All rights reserved.




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#******** #maker #Xpeng #adds #Qatar #export #list #price #war #home

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