Volkswagen has announced that it is investing USD700 million (RM3.17 billion) in Chinese electric vehicle maker Xpeng to jointly develop new electrified models for the Chinese market. The deal will see the German automaker obtaining a 4.99% share and an observer’s board seat in Xpeng, Volkswagen China CEO Ralf Brandstaetter […]
The post Volkswagen to invest RM3.17 bil in Xpeng, to jointly develop EVs for China – Audi to also work with SAIC appeared first on Paul Tan's Automotive News.
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