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...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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