Xpeng becomes the first Chinese EV company to enter the Swedish market

China-based electric vehicle maker Xpeng Motors is reported to be the first Chinese electric vehicle (EV) company to enter the Swedish market.

This marks the company’s second European market after entering Norway, Gizmochina quoted on Sunday as saying.

The smart car maker is currently setting up its first store in Sweden, and images of the store have leaked on Reddit. For location, the experience center is at Westfield Mall of Scandinavia.

The development is in line with the company’s plan to operate overseas.

A few weeks ago, Xpeng Motors had revealed that it plans to enter more European markets in 2022 to increase its exports.

The company previously announced that the Xpeng Experience Center will open in Sweden in the first quarter of 2022, which is between January and March.

Based on that timeline, it’s expected the store will open its doors in the coming weeks.

Xpeng’s Manager for the Nordic Region, Elvis Cheng, claims that the Westfield Mall of Scandinavia is the best place to reach large numbers of people in the country. The company will provide test drives of its models on site.

He Xiaopeng, co-founder, Chairman and CEO of the company said that apart from Sweden, the company also has plans to enter two more European markets this year namely Denmark and the Netherlands.

The company will also seek to expand its presence in Norway.

Xpeng Motors is currently building its electric vehicles in Zhaoqing, China and is in the process of setting up new factories in Guangzhou and Wuhan.

Once these new units are up and running, the company will have a production capacity of over 400,000 units. With a double-shift, they have the potential to deliver up to 600,000 electric cars annually.