Tag Archives: Volkswagen’s XPeng

Xpeng is buying Didi’s smart EV assets for $744 million, marking another major alliance for the Tesla challenger in recent months. Didi announced on Monday that the two will collaborate to “promote the global application of smart electric vehicles and technologies.” In 2024, Xpeng will launch a new sub-brand called …

Volkswagen’s $700 million investment in China’s electric vehicle startup XPeng is this week’s auto industry news. This partnership could set a precedent for Western automakers looking to leverage Chinese firms’ EV expertise, while Chinese firms can benefit from their foreign allies’ global distribution. Volkswagen will produce two battery-powered models using …