Company Index
GAC Toyota
GAC Toyota
NEWS
- Global automakers like Volkswagen, Stellantis, and Renault are forming new partnerships with Chinese electric vehicle (EV) companies such as XPeng and Leapmotor to leverage each other's strengths in technology and market access.
- Volkswagen has partnered with XPeng to co-develop models and utilize VW's supply chain for cost reduction. Stellantis invested approximately €1.5 billion for a 20% stake in Leapmotor, aiming to accelerate its presence in China and globally.
- These collaborations mark a shift from previous joint ventures where foreign companies sought market access in exchange for technology. Now, Chinese EV firms are seen as tech leaders, contributing to the global automotive industry's transition towards electrification and intelligent driving systems.
Mar.9 2024 13:44 PM
GAC Toyota’s production declines as all-electric bZ4X model fizzles after November launch
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