Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

Green Car Congress
By mmillikinJul 27, 2023, 8:00 am216 pts
The Volkswagen Group is strengthening its position on the Chinese automotive market with cooperations between the VW brand and XPENG and between Audi and SAIC. The VW brand has concluded a technological framework agreement with XPENG. The initial stage of the cooperation will provide for the joint development…

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