Slow start expected for Bermaz Auto's XPeng sales

An XPeng Inc G9 electric vehicle at the Shanghai Auto Show. - Bloomberg

KUALA LUMPUR: The distributorship of the XPeng electric vehicles (EV) in Malaysia would have a negligible impact on Bermaz Auto Bhd's earnings in the first year of its introduction as it would struggle to make a dent in the crowded EV market, says Kenanga Research.

Bermaz Auto announced yesterday it had been awarded the distributorship, sale of spare parts and provision of after-sales services of XPeng marque smart EVs in Malaysia by Shenzhen Xiaopeng Motors Supply Chain Management Co Ltd China and Guangzhou Xiaopeng Motors Trading Co Ltd, China.