Chinese electric vehicle firm XPeng Inc - ADR XPEV reportedly plans to fortify its footprint in the European markets, expanding in Germany, the U.K. and France by next year.

The company will distribute its G9 and P7 EVs in Israel in early 2024 and present its G6 as its first right-hand drive model, Reuters reported, citing statements from President Brian Gu at the IAA Mobility motor show in Munich. 

XPeng's G6 August deliveries stood at 7,068 units, leading to cumulative G6 deliveries of over 11,000 units, which surpassed the 10,000 mark in only 45 days since the start of the delivery. 

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The company already sells its cars in the Netherlands and Norway, the report noted.

Struggling recently to push sales, XPeng reported monthly deliveries of 13,690 smart EVs in August, up 24% over the prior month and 43% Y/Y. 

XPEV Price Action: XPeng shares closed up 5.17% at $18.71 on Friday. After-hours trading saw shares up 0.16% at $18.74.

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