Jul 23, 2024 03:10 AM
BUSINESS
VW and XPeng in Software Collaboration to Launch Two EV Models by 2026
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In July last year, VW said it would make a $700 million investment in XPeng in return for a 4.99% stake
(Bloomberg) — XPeng Inc. is to deepen its relationship with Volkswagen AG, with the two pledging to develop a new electrical and electronic solution for all battery-powered cars made in China under the VW brand.
The Chinese electric-vehicle (EV) maker said on Monday that it has entered into a technical collaboration agreement with the legacy automaker to develop solutions for locally made vehicles based on VW’s so-called China Main platform and Modular Electric Drive Matrix platform.
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