Business · Companies · 1 hr ago

XPENG appoints South Korea chief as it prepares market entry

XPENG appoints South Korea chief as it prepares market entry

XPENG is preparing to enter South Korea's car market and has appointed a leader for its local business.

Lee Man-sik, a former senior executive at Volvo Cars Korea, will become head of XPENG Motors Korea on Dec.

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Chinese rivals BYD and Zeekr have already begun selling cars in South Korea, while Chery and Great Wall are also preparing to enter.

XPENG says it uses artificial intelligence, driver-assistance systems, software and electric vehicle technology as it expands internationally.

Its overseas deliveries rose 81% year on year in the second quarter, exceeding 20,000 vehicles for the first time, and overseas sales made up more than a quarter of its revenue in the first half.

The appointment signals a further push by Chinese carmakers into South Korea, where competition from new brands is increasing.

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What people are saying

Lee Man-sikincoming head of Xpeng Motors Korea
XPENG is a brand that presents new possibilities for the auto industry through innovative artificial intelligence technology and a vision for future mobility
via Hankyung
I will do my best to help it grow into a trusted and well-loved premium smart mobility brand in the Korean market
via Hankyung