XPENG announces strategic partnership for Israeli EV market
Chinese EV maker Xpeng is entering the Israeli electric car market, which the company considers as the first and important overseas business outside of Europe. The manufacturer has announced its strategic partnership with Freesbe, which will develop XPENG's sales and service network throughout the country.
Freesbe is a listed company in Israel, and is one of the largest car dealer groups in Israel. Formally known as Carasso motors, it represents Nissan, Infiniti, Renault, DACIA and other brands. Its lease4u is one of the largest car leasing companies in the country as well.
"We have seen the huge potential of Israel EV market and would like to bring local customers a new level of sophistication with our leading technologies and premium EV products" says Eric Xu, VP International Markets, XPENG. "We believe in Freesbe sharing the same vision and ambition putting customers at the heart and collaborate comprehensively".
Issac Weitz, CEO, Freesbe: "Freesbe is proud and excited to launch the partnership with XPENG. XPENG outstanding products and vision altogether with Freesbe leadership and powerful infrastructure will lead the way for a powerful winning role in the Israeli premium EV growing market".
Xpeng claims that the customers will benefit from a more intuitive and enjoyable EV experience, the access to Freesbe's well-established distribution network, and service efficiency and quality standards of both offline and remote diagnosis and OTA updates.
The EV maker considers Israel as a significant market for EV transition in the region, complementing its efforts to break into the European markets. Xpeng's premium electric cars are expected to be launched in the country in Q4 2023.
It is to be noted that Xpeng recently allowed customers to pre-order itws latest P5 sedan in Denmark, the Netherlands, Norway and Sweden.
The brand has already affirmed long-term commitment for international market, and is dedicated to developing products addressing local customer needs and bringing leading technologies and high quality to global customers.