To help accelerate the launch of electric vehicles in China, Volkswagen said on Wednesday it plans to partner with local automaker Xpeng. The long-term strategic partnership will see VW invest $700 million in Xpeng in return for a 4.99% stake in the company as well as access to its technology, including EV platforms. The announcement comes just...
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Thursday, July 27, 2023
VW taps Xpeng for EV platforms
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