After the completion of this investment, Volkswagen will hold 4.99% equity in Xpeng and join the board of directors.
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Tagged: China
VW to invest $700 million in Xpeng and co-develop EVs
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 considered solid-state batteries in 2019, but gave up due to high cost, report says
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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China NEV retail at 442,000 in Jul 1-23, down 2% from same period last month
July is traditionally a slow season for the auto market, with hot weather restricting consumers from visiting stores, the CPCA said.
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Shanghai regains position as China’s top NEV-producing city
In the first half of the year, Shanghai produced 611,500 NEVs, contributing 16 percent of China's NEV production.
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For Chinese Kei car makers, sodium is the new LFP
The sodium shows up as a new way of Kei-car revival in China.
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Factbox: How many employees does Nio, Xpeng, Li Auto have?
At the end of 2022, Nio had 26,763 full-time employees, higher than Li Auto's 19,396 and Xpeng's 15,829.
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Radar RD6 electric pickup from Geely is heading overseas. Possibly to Thailand
The Geely's Radar RD6 electric pickup truck is heading to Thailand with 550 km of range and 272 hp, according to our investigation.
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WM Motor eyes overseas markets as it struggles at home
WM Motor said earlier this month that it is in the process of settling its debts in an orderly manner and is actively pushing ahead with plans to sell NEVs overseas.
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Neta V electric SUV is rebranded as Neta AYA with 318 km range, will launch in August
In June, only 2,268 Neta Vs were sold.
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