XPeng said Tuesday it will establish dedicated supply chain teams in Europe and Southeast Asia in 2026, deepening its international footprint as the Guangzhou-based automaker targets rapid overseas growth.
The move comes a few months after XPeng‘s agreements to assemble vehicles in Austria and Malaysia.
US-listed shares of XPeng jumped more than 8% on Monday, driven by progress in China-EU tariff negotiations, a 10 billion yuan ($1.37 billion) credit facility from Industrial and Commercial Bank of China, and the leaked sales target.
The Guangzhou-headquartered brand said the new teams are tasked with securing regional suppliers, enhancing operational efficiency, and improving supply chain responsiveness.
“We are confident that in the next ten years, half of XPeng‘s sales will come from global markets,” Chairman and CEO He Xiaopeng said.
European Production
XPeng said pilot production of the P7+ sedan has been completed at Magna Steyr’s facility in Graz, Austria, making it the third XPeng model to be produced in Europe following the third-generation G6 and G9 SUVs.
The Magna Steyr partnership, announced last year for two models, has since been extended to three. The P7+ debuted at the Brussels Auto Show last week.
European deliveries of the P7+ will begin in April across 25 markets, with prices starting at €43,990 for the rear-wheel-drive standard range variant — depending on the markets.
Expansion Milestone
XPeng fulfilled its target of doubling its geographic presence from 30 to 60 countries and regions in the final weeks of 2025.
Overseas deliveries soared to 45,008 units last year, a 96% increase from 2024, representing approximately 10% of the company’s total volume.
XPeng plans to double international deliveries in 2026, according to a report Monday by local media outlet 36Kr.
The company has established three overseas production projects, a European R&D center in Munich, a Middle East parts warehouse, and plans for local data centers.
Cost Reduction
XPeng said the localized supply chain structure will reduce logistics and transportation costs by fostering local procurement near production hubs in Malaysia for ASEAN and Austria for Europe.
The teams will also optimize regional logistics networks, shortening delivery times and accelerating after-sales service, the company said.
2026 Outlook
XPeng is targeting between 550,000 and 600,000 vehicle deliveries globally in 2026 — a 28% to 40% increase from the 429,445 units delivered in 2025, according to 36Kr, which cited an internal meeting held Monday.
The company has a track record of meeting ambitious targets.
In early 2025, XPeng set a delivery goal of 380,000 vehicles, which it achieved in mid-November — one month ahead of schedule. Full-year deliveries ultimately exceeded guidance by 13%.
