Xpeng Expands In Europe Through Partnerships In Sweden, Netherland

Xpeng Inc XPEV said it has entered into strategic partnerships in the Netherlands and Sweden to self-operate experiencing retail stores in Europe.
The company signed the agreement with Emil Frey Nederland NV (Emil Frey) in the Netherlands and with the automobile dealer, Bilia in Sweden.
Xpeng plans to open its retail experience store in the Westfield Mall of the Netherlands near The Hague in March 2022.
The company plans to build its European presence with a combination of self-operated retail stores alongside its local agency partners’ retail and service network.
“Our global journey starts from Europe, propelled by our commitment to increasing smart EV penetration,” said CEO He Xiaopeng.
Price Action: XPEV shares closed lower by 4.46% at $38.92 on Thursday.