After the completion of this investment, Volkswagen will hold 4.99% equity in Xpeng and join the board of directors.
The post Volkswagen invested 700 million USD in Xpeng and obtained 4.99% equity appeared first on CarNewsChina.com.
After the completion of this investment, Volkswagen will hold 4.99% equity in Xpeng and join the board of directors.
The post Volkswagen invested 700 million USD in Xpeng and obtained 4.99% equity appeared first on CarNewsChina.com.
Nissan is recalling 2018-2023 Leaf electric cars to address a potential issue that could cause vehicles to accelerate unintentionally after using cruise control. The recall covers Leafs manufactured from September 29, 2017, to March 15, 2023, according to the National Highway Traffic Safety Administration (NHTSA). The recall population of 66,159... Xpeng and Volkswagen will initially co-develop two B-segment BEVs sold under the Volkswagen brand in the Chinese market using Xpeng's G9 platform and ADAS software, with production expected to begin in 2026.
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Continue reading Porsche 911 to be sole survivor of automaker's combustion models
Porsche 911 to be sole survivor of automaker's combustion models originally appeared on Autoblog on Wed, 26 Jul 2023 09:00:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsLi Auto validated the solid-state battery option for more than half a year, but gave up because the cost of the pack alone was close to RMB 300,000, according to local media.
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Tesla delivered more cars than Toyota in California in the second quarter of 2023, demonstrating the strong momentum of EVs in the largest U.S. new-car market. Toyota has been the longtime best-selling brand in California, but its 67,482 registrations for Q2 were just behind Tesla's 69,212 registrations, according to a California New Car Dealers...