XPENG appoints Hedin Mobility Group as distributor and importer for Switzerland, the Czech Republic and Slovakia
3 XPENG models will be available for all markets: the sleek P7 sedan, the popular G9 flagship SUV, and the ultra-smart G6 coupe SUV.
Each model earned the prestigious Euro NCAP 5-star safety rating.
Hedin is also cooperating with XPENG as a retailer for Belgium and Luxembourg. The partnership in Switzerland, Czech Republic, and Slovakia further strengthens Hedin Mobility Group's presence in the European market, solidifying its position as one of the continent's largest mobility providers.AMSTERDAM, Feb. 28, 2025 (GLOBE NEWSWIRE) -- XPENG, a leading high-tech smart mobility company, announces its arrival on the car market in Switzerland, the Czech Republic and Slovakia. The company has entered into an agreement with Hedin Mobility Group regarding the import and distribution rights for XPENG in both countries as well as sales of vehicles, aftermarket services, and spare parts. Sales will start in the markets in the second quarter of 2025.
The introduction of XPENG in Switzerland, the Czech Republic and Slovakia marks another milestone for XPENG in Europe. "Our brand launch and our partnership with Hedin Mobility Group bolster XPENG's European ambitions," says Alex Tang, Head of International Division of Sales and Service at XPENG. "We are excited to introduce consumers in Switzerland, the Czech Republic and Slovakia to a new standard in electric mobility, combining XPENG's innovative technology with exceptional design to deliver an unparalleled experience that meets the demands of today's drivers."
Strong market presence in Central Europe
With the start of sales in Switzerland, the Czech Republic and in Slovakia, XPENG is strengthening its market presence in Central Europe.
XPENG becomes Hedin Mobility Group's fourteenth distribution brand, which means that Hedin Mobility Group further strengthens its position as a leading European distributor. The strategic partnership with XPENG also underscores Hedin Mobility Group's strong commitment to delivering innovative and sustainable mobility solutions in the European markets where the company operates. Hedin Mobility Group is one of Europe's largest mobility providers, with more than 12,500 employees and operations in 14 countries. In 2023, the Group sold more than 218,000 vehicles.
"We are proud to take our collaboration with XPENG to the next level. We are also distributor for XPENG in Switzerland and a retailer for the brand in Belgium and Luxembourg. Innovation, sustainability, and smart technology are some of XPENG's hallmarks, and this aligns perfectly with our ambition to offer our customers not just a car but an advanced driving experience. Together with XPENG, we are determined to contribute to a greener vehicle fleet," comments Anders Hedin, CEO of Hedin Mobility Group.
XPENG is committed to Europe
XPENG is committed to Europe. Since entering the European car market in Norway in 2021, XPENG has introduced advanced technologies and solutions, now operating in Germany, France, the United Kingdom, Norway, Denmark, Sweden, Finland, Iceland, the Netherlands, Belgium, Luxembourg, Spain, Portugal, Ireland and soon also in Switzerland, Poland, the Czech Republic, and Slovakia with ambitions for more expansion. The company plans to operate in more than 60 global markets by the end of 2025, with an ambitious goal of achieving half of its sales from overseas markets.
The company has successfully launched three vehicles in Europe - the sleek P7 sedan, the popular G9 flagship SUV, and the ultra-smart G6 coupe SUV - each of which has earned the prestigious Euro NCAP 5-star safety rating. All models will all be available in Switzerland, the Czech Republic and Slovakia.
XPENG has a DNA resolutely built around technology, which inspires it to think and contribute to the future of mobility. The passion demonstrated by its teams enriches the group's mission, which is to place the user at the heart of its creative process, to offer a simpler, more eco-conscious and enriching travel experience for European society, thanks to technological innovation.
About XPENG
Founded in 2014, XPENG is a leading Chinese born AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility. To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.
XPENG is listed at the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).
For more information, please visit https://www.xpeng.com/.
Contacts:For Media Enquiries:XPENG PR DepartmentEmail: pr@xiaopeng.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/72aeac0b-ace9-4e9d-8c96-df73e84ca5da
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Los Angeles Times
an hour ago
- Los Angeles Times
How climate change is raising your grocery bill
A 300% spike in Australian lettuce prices. A 50% rise for European olive oil and 80% for U.S. vegetables. Researchers from the Barcelona Supercomputing Center and the European Central Bank have traced back those price jumps to extreme weather they say is linked to climate change. The group analyzed 16 weather events around the world between 2022 and 2024. Many were so unusual that a given region had experienced nothing like it prior to 2020, according to the analysis, which was published Monday in the peer-reviewed journal Environmental Research Letters. 'Unprecedented conditions are set to become increasingly common across the world,' the study's authors said. 'At the same time, new records for extreme conditions will continue to be set, further from those to which agricultural production and economic systems are currently adapted.' Climate change brings with it higher temperatures and extreme rains, which can lower yields and make the crops that are harvested more expensive. British households' food bill, for instance, was about $484 more in 2022 and 2023 due to climate change, according to estimates by the nonprofit Energy and Climate Intelligence Unit. (ECIU staffer Tom Lancaster was a co-author of the new study.) Consumers globally say they are feeling the effects of climate change on their grocery bills, making food unaffordable for some and posing a challenge for central bankers trying to tame inflation. Here are a few of the price hikes the researchers identified: In 2022, California registered its driest three-year period ever recorded, leaving nearly a million acres of farm fields unplanted and producing initial crop revenue losses of nearly $2 billion that year alone. Arizona, which grows most of the country's winter lettuce supply, also saw reductions in the amount of water the state received from the Colorado River, due to a drought-related water shortage in the river basin. These conditions in two major U.S. agricultural states, paired with Hurricane Ian hitting Florida, contributed to a more than 80% hike in the country's vegetable prices compared with the previous year. A heat wave that warmed Asia last year to temperatures as high as 115 degrees Fahrenheit was one of the disruptive weather events that led to vegetable prices in China rising more than 40% between June and September. Hot and dry conditions also left South Korean cabbages nearly 70% more expensive than the year prior, according to local media reports. Napa cabbage is commonly pickled into kimchi, a staple local dish, and the government has utilized national stocks to bolster supplies. Eastern Australia faced record-breaking extreme flooding in early 2022, which was soon estimated to be Australia's costliest ever flood and its fifth most costly disaster. A resulting lettuce shortage led shoppers to complain about prices of around $7.81 for a head of iceberg lettuce. The Guardian reported that was a more than 300% price increase. Fast food chain KFC even began substituting in cabbage in its burgers. Prices tend to respond as soon as one or two months after an instance of extreme heat or drought, said Max Kotz, the study's lead author and a postdoctoral fellow at the Barcelona Supercomputing Center. He and the other authors also looked at how unusual weather events were for each region, based on the distribution of measures such as temperature over time. They found that heat, drought and floods were occurring at an increased intensity and frequency. El Niño, a climate pattern that occurred from 2023 to 2024, likely also influenced the extreme weather observed, the authors said. These kinds of food price shocks typically turn out to be short-term in nature, because high prices incentivize more production, which brings prices back down, said Andrew Stevenson, a senior climate analyst for Bloomberg Intelligence. Products such as coffee and cattle are the exception, because they require certain conditions such as a tropical climate or large swathes of land for grazing that limit where they can be grown and bred. Coffee and cattle futures, contracts that represent near-term pricing in those markets, have marched up in price since 2020 — in contrast with futures for a crop such as corn that's more easily grown. New U.S. tariffs could further squeeze farmers abroad, Stevenson said. 'It puts producers in an uncomfortable position where the price of beef is too expensive to sell at home but not expensive enough to sell with a 50% tariff,' he added. Extreme weather is only expected to continue, and the study recommends that countries consider policies that will help consumers manage rising food prices. Ultimately, though, slashing greenhouse gas emissions and containing global warming will be key to reducing food price inflation risks, the authors said. Climate forecasts can also provide early warnings, and farms can implement adaptations such as irrigation, though both approaches have serious limitations. Court writes for Bloomberg.
Miami Herald
2 hours ago
- Miami Herald
How European Stellantis Models Could Revive Dodge & Chrysler
You might have noticed that in recent times, it seems that most of Stellantis's North American model lineups have been slimmed down to just a small handful of options–options that seem like they're either incredibly dated, like the Dodge Durango whose current generation has been around to see three different CEOs, or the Dodge Charger EV which hasn't been able to resonate with long-time Mopar muscle car buyers. After some time spent walking around the streets of Europe and the United Kingdom, I've begun to wonder why these North American-based Stellantis brands don't offer any of the popular models offered exclusively to European buyers. You may recall a time when Saturn–one of General Motors' sub-brands that received the corporate axe, as well as Buick- offered rebadged Opel products to North American buyers. One example is the fifth-generation Buick Regal, which was essentially a rebadged Opel Insignia and was hugely successful for the brand. According to GM, the fifth-gen Buick Regal "helped to boost Buick's total annual sales 40 percent," and actually helped the brand appeal to a younger demographic that it desperately needed. GM noted that "More than 60 percent of Regal Turbo customers alone are younger than 55," and that the model actually swayed buyers who otherwise would not have considered a Buick towards the brand. Saturn employed similar strategies, selling the Opel Astra in North America. Although it found some success in the United States, it proved significantly more popular in Canada, where the country's European influence tends to result in more willing buyers for Euro-style hatchbacks and station wagons. Unfortunately, Saturn ended up being axed from GM's brand portfolio as a result of the 2008 financial crisis, with Buick being saved thanks to its popularity in China. However, in the years leading up to its inevitable demise, rebadged European models kept Saturn afloat. Now, however, in 2025, Opel no longer falls under the General Motors brand umbrella. Instead, Opel belongs to Stellantis–along with other Euro-exclusive brands like Peugeot, Lancia, and DS Automobiles. To me, this begs the question as to why North American Stellantis brands like Dodge and Chrysler, which now exist with massively diminished model lineups, don't take a page out of Saturn and Buick's playbook and offer North American buyers models that are exclusive to Europe. Using generative text-to-image artificial intelligence software and Adobe Photoshop, we take an imagined look at what some Opel and Peugeot models could look like if rebranded as Dodges or Chryslers. These renders are for speculative and entertainment purposes only and in no way resemble any actual Dodge and Chrysler products. Alright, maybe describing the Sebring as "venerable" is a bit of an exaggeration, I'll admit, but there's no denying that people still recognize the name to this day, and it's perfectly fitting for a semi-premium mid-size sedan that isn't quite the old-school, rear-wheel drive 300. Using the second-generation Peugeot 508 as a foundation, which has been in production since the 2019 model year, could allow Chrysler to offer a significantly more advanced and modern successor to previous mid-size sedan models like the Cirrus, the Sebring, and the 200. Although the mid-size sedan segment has dwindled in recent years in North America, a few brands still carry the torch with notable examples being the Toyota Camry, Honda Accord, Hyundai Sonata, and the Kia K5. Using some of Peugeot's efficient and modern powertrain options, a Chrysler-badged 508 could not only offer competitive performance, but it could also offer something truly unique in its segment: a 355-horsepower plug-in hybrid option. While its standard powertrain would most likely be the Peugeot 508's 222-horsepower turbocharged 1.6-liter PureTech four-cylinder, the revived Chrysler Sebring could also offer up the turbocharged 1.6-liter PSE plug-in hybrid powertrain, which pairs 355 horsepower and 384 lb-ft of torque with all-wheel drive and an eight-speed automatic gearbox. That would make it a one-of-a-kind offering within its segment and match current Stellantis efforts to offer more plug-in hybrid variants across its various lineups. If you throw a stone almost anywhere in Europe or the United Kingdom, odds are it'll land near an Opel Astra or a Peugeot 308. Sharing the PSA EMP2 Platform and many of its powertrains, the pair of hatchbacks has taken Europe by storm, rivalling other hatchback heroes such as the Volkswagen Golf and the Toyota Corolla Hatchback–models that we did, in fact, receive stateside. Although the Astra's basic powertrain - a turbocharged 1.2-liter inline-three - might be a bit too anemic for North American buyers, its optional 222-horsepower 1.6-liter turbo-four plug-in hybrid power plant could make an interesting addition to our domestic market. For buyers who are still wary of PHEV technology, the Dodge Hornet's turbocharged 2.0-liter four-cylinder could be carried over, offering 268 horsepower and 295 lb-ft of torque. Perhaps with a modified state of tune and a power figure somewhere just north of 300, we could even see a return of the cult-classic Dodge Caliber SRT4–a possibility made even more likely by the recent announcement that Dodge's SRT division will once again churn out high-performance muscle machines. Don't hate me for suggesting Dodge should slap the Neon nameplate on a crossover, just as Mitsubishi so sacrilegiously did with the Eclipse. The unfortunate truth is that subcompact sedans and hatchbacks just don't cut it with North American buyers anymore. In fact, the segment has been entirely replaced by subcompact crossovers like the Honda HR-V, Hyundai Kona, and the Chevrolet Trax. That last one specifically could be the Dodge Neon crossover's main target. By offering an inexpensive yet practical crossover, Chevrolet managed to sell over 200,000 Traxs in the United States alone last year - an 84% increase over its 2023 sales. You may or may not be surprised to learn that the previous generation of the Chevrolet Trax was, in fact, a rebadged Opel Mokka–and so was the Buick Encore, so this strategy is certainly nothing revolutionary within the segment. With its new Stellantis parents, however, the Opel Mokka B is a massive step forward from its previous generation, just as the new Trax is. Using the Opel Mokka B's turbocharged 1.2-liter inline-three, which produces 128 horsepower and 170 lb-ft of torque, the Dodge Neon Crossover would remain competitive with the Chevrolet Trax's similarly turbocharged 1.2-liter three-cylinder, which produces 137 horsepower and 162 lb-ft of torque. Whereas the Trax is available only with a six-speed automatic gearbox, the Mokka has eight speeds. To one-up the Chevy Trax, Dodge could even offer the Neon Crossover with a fully-electric variant, akin to the Opel Mokka-e. Featuring 156 horsepower and 191 lb-ft of instantly available torque, the long-range version of the Opel Mokka-e benefits from a 54kWh battery and an estimated range of up to 252 miles. All this would mean that an electric Dodge Neon Crossover could offer 23 more horsepower, 3 more lb-ft of torque, and 52 more miles of battery range than the Hyundai Kona Electric SE–a feat that buyers of inexpensive EVs would surely appreciate. Admittedly, the hypothetical return of the Chrysler Sebring as a rebadged Peugeot and the Dodge Neon as a rebadged Opel crossover don't seem all that glamorous and exciting, but that's exactly the point. While these models may not be as controversial as the electric Dodge Charger Daytona Scat Pack or as exciting as the return of Hemi-powered Ram 1500s, they are sensible and practical vehicles that American buyers want and need. They are vehicles that brands like Dodge and Chrysler used to do quite well with, and they are vehicles that these brands desperately need within their lineups today, because what else do they really have to offer? I don't for a second believe that this solution is a serious one for the long-term longevity of these brands, but I do believe that it's a great way to give their showrooms something to sell in the meantime while Dodge and Chrysler develop more of their own models, buying the brand and its employees some time before their buyers give up completely. Who knows, maybe Stellantis might just find the sense to go through with it. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
2 hours ago
- Yahoo
NXP Shares Decline After Automotive Chip Sales Remain Sluggish
(Bloomberg) -- NXP Semiconductors NV shares slid in late trading after the chipmaker posted a second-quarter sales decline, hurt by a sluggish automotive market. Why the Federal Reserve's Building Renovation Costs $2.5 Billion Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Revenue fell 6% to $2.93 billion in the period, the Dutch chipmaker said in a statement on Monday. The sales were roughly in line with analysts' estimates, according to data compiled by Bloomberg. NXP is heavily reliant on the automotive sector, which accounts for more than half of its revenue and has been hit by US President Donald Trump's tariff campaign. The levies have upended global supply chains and triggered uncertainty over customer orders. The third quarter will reflect 'improvement in NXP's core end markets,' Chief Executive Officer Kurt Sievers said in the statement. Revenue in that period will be $3.05 billion to $3.25 billion, NXP said, compared with an estimate of $3.07 billion. At the midpoint, that would represent a year-over-year decline of 3%. The stock slipped more than 4% in extended trading. It had closed at $228.27 in New York on Monday, leaving it up almost 10% for the year. Earnings will be $2.89 to $3.30 a share, excluding some items, the company said. Analysts had projected $3.06 a share. Second-quarter earnings amounted to $2.72 a share on that basis, beating the $2.68 estimate. The CEO had said during the April earnings call that the second quarter was expected to mark 'a bit of a turning point,' as customer orders stabilized. Like its peers, NXP also has been struggling with a stubborn glut of chips that help power electric cars and manufacturing operations. This oversupply has weighed down sales for much of the industry for more than 18 months as demand for electric vehicles outside of China has fallen. Weaker demand in the auto and industrial segments could be a drag on sales for NXP and rivals Infineon Technologies AG and STMicroelectronics NV. Last week, Renault SA slashed its guidance for this year's operating margins because of intensifying competition and a decline in the auto market. Stellantis NV on Monday reported a surprise first-half net loss. Bloomberg Intelligence analyst Ken Hui said in a note last week that automotive chipmakers 'may see stronger pricing pressure and the end of tariff-beating restocking demand from European customers after Renault cut its outlook' due to strong competition and declines in the vehicle market. Additionally, industrial revenue recovery 'may be unsustainable after factory-automation leader Yaskawa reported 1Q orders that were weaker than expectations, particularly in China, and cut full-year forecasts to include tariff risks,' Hui wrote earlier this month. Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
