XPeng (NYSE: XPEV) shares are trading 3% lower premarket despite the company announcing on Monday that it is expanding its service network in Europe.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
The Chinese electric vehicle maker said in a release that it will open four XPENG delivery and service centres in Denmark, the Netherlands, Norway, and Sweden.
WELCOME BONUS - Free Share Bundle When You Invest £50!
Open a UK Investment Account: Shares, ISAs, Managed Portfolio
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
IG
View Offers
Empfohlener Broker
Multi Asset Platform
Top Broker Recommendation
- IG Top-tier regulation – Read our Review
- eToro Wide range of instruments available to trade – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
The locations are set to open in the first half of this year in order to help with the delivery of the company’s vehicles in the countries. They will also focus on aftersales and repairs.
Norway’s center, in Lørenskog, will open in February, with the centre’s in the Netherlands, Sweden, and Denmark opening in the second quarter.
“We’re establishing our first tier of XPENG Delivery and Service Centers in Europe to help realize our goal of creating a seamless yet unique XPENG customer journey, with customer experience at the heart of our offering,” commented Brian Gu, Vice Chairman and President of XPENG.
XPENG added that it will also begin to open several authorized service locations across Europe by the end of 2023. The company has also reached an agreement with Denmark’s mobile car service platform OmniCar to offer remote servicing for customers in the country.
Last year, the electric vehicle manufacturer announced the opening of its brand experience stores in Norway, the Netherlands, Sweden, and Denmark, which it said resulted in around 500,000 visitors and more than 4,500 test drives conducted over the year.
XPeng’s Hong Kong-listed shares closed 2.34% lower on Tuesday.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.