Core Insights - Xpeng Inc. has seen a significant increase in its share price, with a 4.36% rise in premarket trading and a 5.4% spike in Hong Kong-listed shares, currently trading at $22.90 [1] European Expansion - The company has officially entered five European markets: Switzerland, Austria, Hungary, Slovenia, and Croatia, in partnership with Magna International Inc. to manufacture two EVs in Austria, with production expected to start in Q3 2025 [2] Overseas Deliveries and Recall - Xpeng reported a 137% year-over-year increase in overseas deliveries from January to August 2025, totaling 24,702 units. Year-to-date sales for 2025 reached 271,615 vehicles, marking a 252% year-over-year increase. Additionally, the company issued a recall for its P7+ vehicle due to a steering defect [3] Competition with Tesla - The launch of the P7 Sedan in the Chinese market, priced at $30,000, positions it as a competitor to the Tesla Model 3. The company received over 10,000 orders within seven minutes of the launch. The P7 offers two battery configurations: a 74.9 kWh LFP battery with a range of 436 miles and a 92.2 kWh NMC battery with a range of approximately 510 miles [4]