On September 15th, it was reported that XPENG (09868.HK) has established a significant partnership with Magna Steyr's facility in Graz, Austria, marking the official commencement of its localized production in Europe. This alliance operates under a contract manufacturing framework, with intentions to progressively enhance localization efforts. The XPENG G6 and G9 models are scheduled to enter mass production at the Graz plant in the third quarter of 2025. Both models have already made their European debut and have established a solid market presence. Looking ahead, the Graz factory is set to broaden its production scope to encompass XPENG's all-electric sedans, compact and mid-sized SUVs, as well as extended-range electric vehicles. Presently, XPENG has finalized a comprehensive closed-loop setup for research and development, along with production capabilities in Europe, laying the groundwork for expanded regional market penetration.