· Salvador Caetano Auto, a leader in vehicles import and distribution, agrees to distribute XPENG vehicles in Spain and Portugal.

· XPENG high-end smart electric vehicles will be launched by Salvador Caetano Auto in 2024 in the Spanish and Portuguese markets.

Porto, April 4, 2024 - Salvador Caetano Auto, a leader in vehicles distribution and retail, reaches a strategic agreement for the import and distribution XPENG - a leading Chinese brand and a smart electric vehicle technologies pioneer. This collaboration will allow XPENG high-end smart electric vehicles, long awaited by consumers, to be sold on the Spanish and Portuguese markets during 2024.

XPENG, founded in 2014, focus on using smart technology as a turning point for the mobility of the future. At the beginning of last year, XPENG announced its intention to establish a presence in several European, Middle Eastern and African markets, as part of the "Go Abroad 2.0" strategy, which brings together partners and distributors who share the vision of offering the best intelligent technology in electric cars and the best experience and quality of service for all consumers.

"We are very proud to have Salvador Caetano as our strategic partner in Spain and Portugal, very important markets for XPENG." says Dr. Brian Hongdi Gu, Vice Chairman and President of XPENG. "Salvador Caetano Auto's international experience and long track record in distributing brands in Europe, South America and Africa, positions it as the best choice to ensure XPENG representation in the Iberian Peninsula and explore future partnerships."

Sérgio Ribeiro, Executive Director of Salvador Caetano Auto & CEO International Automotive Distribution, highlights the strategic importance of this partnership: "This strategic alliance lays the foundations for a solid partnership between XPENG and Salvador Caetano Auto that will allow us to quickly offer XPENG's technologically smart electric cars in the Iberian Peninsula market, thanks to a implementation in each market, with total focus on our customers' needs."

About XPENG

XPENG is a global smart electric vehicle company founded in 2014 in Guangzhou, China, developing clean, intuitive and creative mobility solutions. With its industry-leading R&D facilities, XPENG brings vehicles with superior safety, electrical efficiency and on-road performance to markets around the globe. The company is constantly working to advance its core technologies, including autonomous driving, SEPA 2.0 and captivating in-vehicle infotainment systems. XPENG is headquartered in Guangzhou and Amsterdam, with additional offices in Beijing, Shanghai and Silicon Valley.

About Salvador Caetano Group

Salvador Caetano Group is an international group dedicated to the automotive industry and sector, present in 3 continents, in more than 41 countries and with more than 7,000 employees. Founded in 1946, the Salvador Caetano Group has more than 75 years of experience and currently has more than 100 companies established in Europe, South America, and Africa, in the following business areas: Industry (automobiles, buses and aeronautics), automobile import and distribution, mobility, industrial equipment, workshops and services.

For more information, please contact: 

XPENG PR Manager Europe

Jasper Koek

E-mail: jasper.koek@heyxpeng.com

Telephone: +31 6 31 91 03 26