China’s Xpeng plants a flag in Germany’s auto heartland with Mona L03 launch

AI Summary

Chinese electric vehicle manufacturer Xpeng launched its Mona L03 compact SUV in Munich, Germany, signaling its commitment to the European market. Xpeng aims to not only sell but produce vehicles in Europe, marking a significant expansion in the continent's automotive sector.

Chinese electric vehicle maker Xpeng made its European ambitions clear on Thursday, as the firm unveiled its Mona L03 compact SUV at an event in the heart of Germany’s car industry, Munich. The launch, arguably the largest ever staged in Europe by a Chinese carmaker, was not just about introducing a new model, but also about convincing Europe that Xpeng is here to stay. “We are here not only to bring our products to Europe, but also to build them for Europe,” said He Xiaopeng, Xpeng’s chairman...