Volkswagen to invest $700m in Xpeng to boost EV lineup in China

Volkswagen to invest $700m in Xpeng to boost EV lineup in China

A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/Andrew Kelly/File photo

Volkswagen is partnering with Chinese EV startup Xpeng and joint venture partner SAIC to build new models and potentially co-create platforms, it said on Wednesday, as it attempts to use local expertise to protect market share.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter