Dear GQ community,
as I am at home in the world of the automotive industry/fleet management, I would like to inform you about interesting news about the electric car manufacturer Xpeng $9868 (-1,56 %) to inform you.
The Chinese manufacturer is already scoring points on the German market with three models at very interesting prices.
The oldest model, the P7, is a sporty saloon that is currently receiving a successor, which is expected to be delivered in Germany in early 2026.
Xpeng also offers an SUV called the G6 in the size of a Tesla Y and a large SUV, the G9. Both models have just undergone a model update, which is mainly noticeable in the technical details.
In order to avoid the European import tax policy, Xpeng wants to have two models (presumably the SUV G6 and G9) built in Austria by Magna Steyr.
Magna has capacity for around 180,000 vehicles and is no stranger to the contract manufacturing business, as it already builds the G-Class for Mercedes.
Xpeng is also one of the few Chinese manufacturers that is not state-owned.
He Xiaopeng is not only the founder and namesake of the company, but is also heavily invested himself.
With a P/B ratio of less than 5, the share is cheaply valued and I believe it is capable of interesting growth in the medium term.
I am invested myself.
Note to inexperienced investors: This is not investment advice!
