The brand is steadily expanding its sales network in Hungary.Continue reading
The AutoWallis Group is further strengthening its domestic and international position after signing an agreement to distribute the innovative Chinese electric car brand XPeng in three countries, including Hungary. Sales of the new brand are expected to start in the fall of 2025, Világgazdaság reports.
The AutoWallis Group has signed a tripartite agreement with XPeng and its Portuguese partner, the Salvador Caetano Group, for the exclusive distribution of the Chinese brand in three countries in the region (Hungary, Slovenia and Croatia) through AutoWallis Caetano Zrt., which is 50-50 owned by the Hungarian and Portuguese companies.
Guangzhou-based XPeng is currently the eighth largest electric vehicle manufacturer in China, where every second car sold is electric, and one of the world’s fastest growing car brands.
It has achieved annual growth of more than 200 percent, selling nearly 200,000 vehicles worldwide in 2024, which is expected to double to 400,000 this year. The brand is at the forefront of the revolution in new energy vehicles, with cars that rival the world’s leading premium manufacturers in terms of quality and technological superiority in areas such as artificial intelligence, ultra-fast charging and advanced autonomous driving.
The XPeng G6 car. Photo: Wikipedia
“We are delighted to further expand our successful cooperation with the Salvador Caetano Group. AutoWallis’ expertise and extensive experience in three countries will contribute to the successful launch of the brand in Hungary, Slovenia and Croatia. AutoWallis is present in 16 countries in the region with its car sales and mobility services, and we also distribute several other brands in the three countries involved in the XPeng deal. Our market knowledge and expertise are a guarantee that we will also make the new brand a success,” said Gábor Ormosy, CEO of AutoWallis, commenting on the agreement.
Sérgio Ribeiro, CEO of Global Sales at Salvador Caetano Group, said: “This agreement is another step forward in the partnership between Salvador Caetano and XPeng in Hungary and the Adriatic region, as well as in our European expansion strategy. The cooperation with AutoWallis offers an exciting opportunity to further build on the pillars of our strategy and contribute to the growth of the XPeng brand in Central Europe.”
AutoWallis was one of the first to partner with Chinese brands such as BYD and MG.
The company is constantly exploring further business development opportunities to further expand the group’s coverage to 16 countries and expand its brand portfolio with XPeng to 28, adding innovative and popular brands that could be key drivers of both sales growth and profitability in the coming period.
Via Világgazdaság, Featured photo via Wikipedia