Xpeng in talks with VW about buying factory in Europe

Financial Times: Xpeng, often known as China’s Tesla, is in talks with Volkswagen and other carmakers about buying a factory in Europe as it looks to expand international sales.

…The Chinese carmaker would also consider building a new European plant. “We think not all the factories can satisfy the requirements of our latest or future product requirements,” Cheng said, adding that VW’s plants were “a little bit old”…

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