Xpeng president says Chinese EV firm remains committed to Europe despite pressure from tariffs

Chinese electric vehicle maker Xpeng remains committed to Europe for the long term despite pressure it faces from the European Union's tariffs, according to a top company official."Our plan for Europe is a very long term one," Brian Gu, Xpeng's vice chairman and co-president, told CNBC's Charlotte Reed Monday at the Paris Motor Show.Reflecting on the EU's decision to adopt higher tariffs on Chinese EV imports, Gu said that this has put "a lot of pressure" on its business model.However, he added that the fir ...