(Yicai) Oct. 15 -- Xpeng Motors has revealed its new overseas expansion plan, with the Chinese electric vehicle startup aiming to enter more than 60 countries and regions by the end of next year.

The Guangzhou-based carmaker has also set a goal for overseas sales to account for half of the company’s income within the next decade, it said during a press conference at the Paris Motor Show yesterday.

Xpeng made Norway its first overseas market at the end of 2020, and now sells vehicles in more than 30 countries and regions. It opened a directly operated store in Stockholm in February 2022, its first outlet in Europe.

To achieve its ambitious overseas sales target, Xpeng is focusing heavily on the European market, where the automaker plans to invest more resources compared with other regions, it said. The company will introduce more new and redesigned models to the European market, while continuously improving its after-sales network and service quality.

Xpeng is majorly steeping up its international expansion plans against the backdrop of ever-growing global demand for EVs. Europe is a key EV battleground because of the continent’s stringent emissions standards and consumer shift toward sustainable transportation.

At the Paris Motor Show, which runs through Oct. 20, Xpeng has unveiled its new mid-to-large electric sedan, the P7 Plus, starting at CNY209,800 (USD29,520), and launched pre-orders in China. Orders exceeded 30,000 units in one hour and 48 minutes, the carmaker noted.

Xpeng said sales jumped 21 percent to 98,561 vehicles in the three quarters ended Sept. 30 from a year earlier. Deliveries are likely to surge at year-end from a year ago thanks to the P7 Plus and the CNY119,800 (USD16,855) Mona M03, Xpeng's cheapest ever model and the first under its new artificial intelligence brand Mona, according to a report by Guosheng Securities.

Editor: Martin Kadiev