XPeng Boosts Leadership, Vienna's EV Interest Surges, Used EV Market Shifts
Chinese electric vehicle (EV) manufacturer XPeng has bolstered its leadership team with a former Mercedes executive. Meanwhile, Vienna and Burgenland see a surge in interest for EVs, particularly among young, urban, and well-educated individuals. The used EV market has witnessed a significant shift in prices and demand.
XPeng, aiming to strengthen its position in the Chinese stock market today, has hired a former Mercedes-Benz executive to join its leadership team. This move signals the company's commitment to expanding its influence in the competitive EV sector.
In Vienna and Burgenland, a notable trend has emerged: young, urban, and well-educated residents are expressing a keen interest in purchasing electric cars. This demographic is driving the demand for sustainable transportation options in the region.
The average price of used electric vehicles on AutoScout 24 has experienced a significant drop, from 52,800 euros at the start of 2023 to around 41,200 euros currently. This decrease may be attributed to an increase in supply and a shift in consumer preferences.
Best in Parking, a leading provider of charging infrastructure, has installed 50 kW fast-charging stations in five central parking garages across Vienna. These charging points are among the fastest publicly accessible in the city, enabling significantly quicker charging compared to conventional points. The company aims to expand its network to over a thousand charging points, powered by renewable energy from photovoltaic plants at two locations.
The demand for used electric vehicles has surged by approximately 70%, while the supply on online platforms has more than doubled. This imbalance suggests a strong appetite for affordable, pre-owned EVs among consumers. Tesla models, such as the Model 3 and Model Y, remain the most popular choices in the used EV market, followed by Audi, Renault, and VW.
XPeng's strategic hire from Mercedes-Benz underscores the company's ambition in the Chinese stock market today. In Vienna and Burgenland, the growing interest in EVs, particularly among young, urban residents, signals a promising future for sustainable transportation. The shifting dynamics of the used EV market, with decreasing prices and increased demand, present both opportunities and challenges for consumers and manufacturers alike.
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