Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC
Green Car Congress
JULY 27, 2023
The China-specific vehicles will supplement the MEB product portfolio and are to be rolled out in 2026 in China. Since the founding of XPENG, we have been developing full-stack technologies from EV platform to connectivity and ADAS software in house. This is subject to the conclusion of final agreements.
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