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Volkswagen China is spending lots of time at Xpeng to make new EVs - TL;DR CNBC

Volkswagen China is spending lots of time at Xpeng to make new EVs

Publishing timestamp: 2024-08-27 05:49:15


Summary

Volkswagen staff are spending time at Xpeng as they work together to create electric cars for China. The partnership, which includes a $700 million investment from Volkswagen, aims to develop two electric cars for delivery in China in 2026. Xpeng is also expanding globally and looking into overseas production, with plans to enter multiple countries and regions by the end of the year.


Sentiment: NEUTRAL

Tickers: ZE594-CN,  9866-HK,  9868-HK,  NIO,  VOW3-DE,  XPEV,  VOW-DE,  1211-HK, 

Keywords: byd co ltd,  nio inc,  autos,  technology,  volkswagen ag,  breaking news: technology,  xpeng inc,  markets,  business news,  stock markets,  market insider, 

Source: https://www.cnbc.com/2024/08/27/volkswagen-china-is-spending-lots-of-time-at-xpeng-to-make-new-evs.html


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