Xpeng Refutes Maserati Acquisition Rumors, Stirring Interest

News spread rapidly across Chinese social media platforms today, suggesting that Xpeng, a prominent Chinese electric vehicle (EV) manufacturer, was in the process of acquiring the renowned luxury car brand, Maserati.

(Image: Xpeng G6)

Throughout this year, rumors of potential collaborations between Chinese EV startups and foreign automakers have gained traction. The most recent speculation centered on Xpeng purportedly purchasing Maserati, a name synonymous with ultra-luxury automobiles. However, Xpeng has denied these claims.

In response to the rumor, the Shanghai Securities News reported today that Xpeng has categorically refuted any intentions of acquiring Maserati or engaging in relevant acquisitions in the foreseeable future.

The report did not delve into specific details regarding the rumor. Maserati, established in December 1914 and headquartered in Modena, Italy, holds a legacy in the luxury automobile sector.

Earlier today, a screenshot shared by numerous Weibo bloggers showcased a message from an internet user within a forum, asserting that Xpeng’s acquisition of Maserati was essentially confirmed. This message suggested that an internal meeting within the EV manufacturer had clarified the impending launch of a new brand.

It’s important to highlight that Xpeng recently solidified a partnership with German automotive giant Volkswagen at the conclusion of the previous month.

As of July 26, both companies announced Volkswagen’s commitment to invest approximately $700 million in Xpeng, leading to the acquisition of an approximate 4.99 percent stake in the Chinese EV manufacturer.