AutoWallis Group Adds Chinese Brand to Portfolio

The AutoWallis Group has signed a cooperation agreement with its Portuguese partner Salvador Caetano Group to distribute the Chinese brand XPENG, which produces innovative electric cars, in Hungary, Slovenia and Croatia, the company said on Monday.

Under the agreement, AutoWallis Caetano Plc., which is 50-50% owned by the Hungarian and Portuguese companies, will be the exclusive distributor of the Chinese brand in the three countries of the region, with sales starting in the fall of 2025, the company said.

According to the statement, Canton-based XPENG is the eighth largest electric vehicle manufacturer in China and one of the fastest growing car brands globally, with an annual growth rate of 200%. It expects to sell 400,000 vehicles this year, up from 200,000 last year.

It was noted that AutoWallis was previously one of the first to partner with Chinese brands such as BYD and MG, with the new agreement bringing the company's brand portfolio to 28.

AutoWallis is present in 16 countries in the region with its car sales and mobility services.