Mobility
Xpeng in talks to acquire Volkswagen Europe plant as exports jump 62 percent
Chinese electric vehicle maker Xpeng is discussing a plant acquisition with Volkswagen to secure a production base in Europe, as capacity at its contract manufacturing line in Austria tightens. Xpeng produced G6 and G9 models for Europe at Magna Steyr in Austria and completed trial production of the 2026 P7+ sedan in January. Xpeng\'s April overseas exports rose 62 percent from a year earlier. Volkswagen is pursuing cuts to excess capacity in Europe and is considering transferring some capacity to Chinese partners.
