Regional car seller AutoWallis, the local distributor of BYD,
introduced Chinese electric vehicle brand Xpeng to Hungary,
Slovenia, and Croatia in a regional rollout on September 19, it
said in a statement on the website of the Budapest Stock Exchange
(BSE).

Under the agreement, the brand will be distributed exclusively
by AutoWallis Caetano, a joint venture company owned 50-50% by the
BSE-listed company and Portugal’s Salvador Caetano Group.

The P7, G6 and G9 models will be available at pop-up stores in
Budapest and Ljubljana in October.

At the Budapest showcase, Xpeng also presented its X2 flying
vehicle concept, underlining its ambitions to expand beyond road
transport.

Xpeng, based in Guangzhou, is China’s eighth-largest EV
manufacturer and one of the fastest-growing automotive brands
globally, reporting annual growth rates of up to 200%. After
delivering 200,000 vehicles in 2024, it is aiming to double that
figure this year.

AutoWallis, present in 17 countries in the region with 29
brands, expects rising sales and higher profits with the ‘launch of
innovative and popular brands”. 

AutoWallis, which has been steadily expanding its role as a
regional mobility service provider, emphasised that the addition of
Xpeng further strengthens its position in the fast-growing electric
vehicle market. The company already distributes BYD, one of the
world’s largest EV makers, and Nio, known for its premium electric
models and battery-swapping technology.

The market share of Chinese carmaker BYD in Hungary’s electric
vehicle (EV) segment has already approached 14% this year and the
brand, which is available since October 2023, became the most
popular EV brand in Hungary in August, the company said
recently.

The automaker confirmed that
production at its new plant in south Hungary (Szeged) will
begin by the end of the year, initially with the Dolphin model. The
facility forms part of BYD’s global strategy to manufacture
vehicles in the same regions where they are sold. In parallel, BYD
plans to expand its European dealer network to more than 1,000
locations by the end of 2025.

For AutoWallis, representing multiple Chinese brands not only
diversifies its portfolio but also allows it to respond flexibly to
changing consumer demand as e-mobility adoption accelerates in the
region.

 

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