BRIEF-XPeng sees entering US as long-term objective but environment challenging

Reuters04-25

April 25 (Reuters) - XPeng Inc :

* XPENG CO-PRESIDENT, ASKED ABOUT EUROPEAN EV PROBE, SAID NOW EXPORTING SMALL AMOUNTS TO EUROPE BUT MAY ONE DAY HAVE TO INVEST IN MANUFACTURING AND SUPPLY CHAIN ABROAD

* XPENG CO-PRESIDENT: EXPECTS VW RELATIONSHIP TO GROW, MAYBE EXPANDING INTO OTHER AREAS INCLUDING POSSIBLY OUTSIDE CHINA

* XPENG CO-PRESIDENT: SEES U.S. AS AN IMPORTANT MARKET, LONG TERM OBJECTIVE

* XPENG CO-PRESIDENT: BUT U.S. IS A CHALLENGING ENVIRONMENT, WILL TAKE TIME FOR US TO DEVISE A BOLD ENTRY STRATEGY

* XPENG CO-PRESIDENT: STILL CONFIDENT TO REACH PROFITABILITY BY THE END OF NEXT YEAR

* XPENG CO-PRESIDENT: WE WANT INTERNATIONAL BUSINESS TO MAKE UP A LARGER PORTION OF OVERALL SALES, COULD GROW TO 10% THIS YEAR

Further company coverage:

(Reporting by Sarah Wu)

((brenda.goh@thomsonreuters.com;))

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