China’s XPeng Aims to Manufacture EVs in Europe to Blunt New Tariffs

(Bloomberg) — Xpeng Inc. is looking for a manufacturing site in Europe, making it the latest Chinese electric-vehicle maker seeking to mitigate the impact of import tariffs by building its cars in the region.

Volkswagen AG’s Chinese partner is in the initial stages of selecting a site in the European Union as part of its future plan to localize production, Chief Executive Officer He Xiaopeng said in an interview with Bloomberg in its headquarters in Guangzhou, China, on Thursday.