AutoWallis Group expands its portfolio with a Chinese brand

According to the agreement, the exclusive distributor of the Chinese brand in the three countries of the region will be AutoWallis Caetano Zrt., which is owned 50-50 by the Hungarian and Portuguese companies, and sales may begin in the fall of 2025 – they informed.

According to the announcement,

XPENG, headquartered in Canton, 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 percent. After 200 thousand last year, they expect to sell 400 thousand vehicles this year.

It was noted that AutoWallis was previously among the first to enter into partnerships with Chinese brands such as BYD and MG, and with the new agreement, the company’s brand offering has increased to 28.

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

According to data available on the BSE,

the company’s consolidated sales revenue increased to 398.460 billion forints in 2024 after 366.266 billion forints in the previous year. Its after-tax profit fell to 6.976 billion forints last year from 9.842 billion forints.

AutoWallis shares are listed in the BSE premium category. Their price closed at 156.5 forints on Friday, and within a year it ranged between 137.5 and 184 forints.