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Thursday 29 February 2024
Volkswagen and Xpeng to roll out two new EVs, starting with an SUV
Volkswagen and Chinese EV maker Xpeng say they are jointly developing two mid-sized BEVs for 2026 for mainland China, with the first model being an SUV.
The two automakers signed a “master agreement” for platform and software collaboration, and the two will start jointly sourcing platforms and vehicle parts to help leverage scale while cutting costs, Automotive News Europe reports.
VW announced in July that it was buying 4.99% of Xpeng $700 million with the plan to make two EV models together in 2026. The purchase was completed in December.
Read the whole story on electrek.co