Chinese EV Maker XPeng Makes Inroads in Hong Kong, Macau

Chinese electric-vehicle maker XPeng plans to sell its cars in Hong Kong and Macau as part of its expansion strategy. The company aims to penetrate these markets to grow beyond China’s crowded EV market. XPeng has partnered with Malaysia’s Sime Darby Motors to enter the Hong Kong market. This move will bring XPeng into direct competition with established players like BYD and Tesla. The Guangzhou-based company aims to tap into the potential demand in these regions.