After the completion of this investment, Volkswagen will hold 4.99% equity in Xpeng and join the board of directors.
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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.
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.
The post Li Auto considered solid-state batteries in 2019, but gave up due to high cost, report says appeared first on CnEVPost.
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July is traditionally a slow season for the auto market, with hot weather restricting consumers from visiting stores, the CPCA said.
The post China NEV retail at 442,000 in Jul 1-23, down 2% from same period last month appeared first on CnEVPost.
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