Is Xpeng a domestic or joint venture car?
2 Answers
Xpeng is a domestic car. Price aspect: Since core technologies are often held by foreign companies, joint venture cars usually have higher prices. Investment method aspect: Domestic cars are designed and manufactured by Chinese people themselves; joint venture cars are co-produced with Chinese partners providing land use rights for factories, capital, while foreign investors contribute brands, technologies, etc. Brand aspect: Domestic cars are self-owned brands; joint venture cars are automobiles produced through Sino-foreign joint ventures. Below is extended information about the investment methods of joint venture cars: Chinese side: The Chinese side provides land use rights for factories and capital. Overseas investment: Overseas investors contribute brands, technologies, capital, and talent.
I understand the matter of car brands. Looking at XPeng's vehicles, they are definitely domestic cars, not joint ventures. XPeng Motors was founded by Guangzhou XPeng Company, entirely operated by local Chinese capital and teams. For example, the founder He Xiaopeng is one of our fellow Chinese. Joint venture cars refer to models like the cooperation between Volkswagen and SAIC, but XPeng has no foreign company investment and is directly considered a domestic new force. I often drive XPeng and have experienced its intelligent driving features, which are quite user-friendly, and charging is convenient—more down-to-earth than some joint venture cars. In the electric vehicle market, domestic cars have made tremendous progress. Brands like XPeng, which focus on technology and local needs, make driving safer and more affordable for ordinary car owners. I think understanding brand backgrounds is important to avoid buying the wrong car. Joint venture cars may be famous but not necessarily cost-effective.
