On May 14, information from the Financial Times revealed that XPENG Motors is currently engaged in discussions with automakers, including Volkswagen, about the potential acquisition of a factory in Europe. Earlier, Oliver Blume, the CEO of the Volkswagen Group, had indicated that the company might bring models developed in China to the European market and even consider sharing European production capacity with its Chinese partners. Cheng Xiaoguang, who heads XPENG Motors' operations in Northeast Europe, disclosed that the company is exploring the option of selecting a suitable location in Europe to establish a factory in collaboration with Volkswagen. It's worth noting that Volkswagen has a stake in XPENG Motors and boasts three joint venture partners in China—SAIC Motor, FAW Group, and JAC Motors. However, none of these partners currently possess production capabilities in Europe. The report also highlighted that XPENG Motors is contemplating the construction of a brand-new factory in Europe. Cheng Xiaoguang emphasized that not all factories can adequately meet the company's requirements for its latest or upcoming products, and he added that some of Volkswagen's factories are somewhat outdated in terms of technology and facilities.