TrueEV, the exclusive Australian distributor of XPeng Motors, has been placed into external administration after its 197 vehicles were taken control of by insolvency firm Cor Cordis, several local auto media reported recently, citing ASIC filings. In addition, TrueEV took XPeng's Australian and Chinese arms to court, with proceedings filed on March 3 and a hearing scheduled for March 30, without disclosing details, according to a local federal court filing.
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