XPeng (HKG:9868) expects 50% of its sales coming from foreign markets by 2035 as it expands internationally, Yicai Global reported Thursday, citing the Chinese automobile giant's chairman and chief executive officer He Xiaoping at a media conference.
The company's co-president, Gu Hongdi, said XPeng plans to expand to 60 countries this year, with Europe, Southeast Asia, Middle East Latin America as its key regions. The planned number is double from the previous year, the report said.
Gu said that the company will not be affected by the US tariff hikes because it does not market its cars to the US, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.