Smart and Sustainable Electric Mobility
Li Auto's direct offline stores will increase to more than 800 next year, more than doubling the current number, according to local media.
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Through Volkswagen's partnership with Xpeng and Audi's with SAIC, Volkswagen is strengthening its position in the Chinese auto market, the German auto giant said.
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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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Li 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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