Xpeng rises as CEO hints at Europe push for new hybrid lineup
Xpeng shares rose nearly 2% in Hong Kong after CEO He Xiaopeng said the company may bring its hybrid models to Europe following extensive X9 testing. Strong early demand is driving a production ramp, with Austrian manufacturing helping offset EU tariffs. A European hybrid push would put Xpeng in the same segment as Stellantis-backed Chinese EREV competition.