$XPeng Inc.(XPEV)$ Xpeng cheapest model sold in Europe sells at a similar price to Tesla’s Model Y - that means that regardless of EU EVs import taxes, being reduced or not, Xpeng still makes profits from EU sales.

“We want to bring the best technology that [has] developed in a highly competitive and iterative Chinese market to European customers,” Gu claimed. The car executive pushed back against concerns that Xpeng is undercutting established automakers, noting that the startup’s cheapest model sold in Europe sells at a similar price to Tesla’s Model Y.”

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