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XPENG appoints Lee Man-sik as Managing Director to lead South Korea market entry in 2026

Market News
03 Nov 2026, 03:29 WIB
PRNewsWire
View Source
Bullish
XPENG appoints Lee Man-sik as Managing Director to lead South Korea market entry in 2026

XPENG has appointed Lee Man-sik, a 30-year automotive veteran, as Managing Director of XPENG Motors Korea, effective December 1, 2026, marking its planned entry into the South Korean market. Lee brings extensive experience from Volvo Cars Korea, where he helped establish the brand as a premium import leader. He will lead XPENG's sales, service network development, and brand building in South Korea, aiming to meet high local expectations with XPENG's advanced AI technology. The company will announce launch timing and local operations details later as it expands its global footprint.

XPENG's stock price on Pluang rose by 6.53% to USD 9.63 as of November 3, 2026, 08:11 WIB. The company has a market cap of $8.69 billion and a 52-week low of $9.04 on the platform. Despite a majority of sell orders at 69%, XPENG's entry into the South Korean market could influence future trading activity.

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