tech360.tv
Xpeng and Volkswagen Collaborate to Develop Ultra-Fast Charging Network in China
China's Xpeng Motors and Volkswagen have announced an expansion of their partnership to work together on ultra-fast electric vehicle charging networks in China. The two automakers have signed a memorandum of understanding to allow their customers access to each other's fast-charging networks, which collectively consist of over 20,000 charging piles spread across 420 cities in China. Additionally, they plan to explore the joint establishment of co-branded ultra-fast charging stations.
The collaboration between Xpeng and Volkswagen began in 2023 when Volkswagen acquired a 4.99% stake in Xpeng for approximately $700 million. As part of their partnership, they aim to introduce two Volkswagen-branded EV models by 2026. Volkswagen has also revealed that they have collaborated with Xpeng to develop a new architecture for intelligent and electric vehicles. This joint effort is expected to enable Volkswagen to offer more affordable EVs in China, its largest market.
Xpeng Motors and Volkswagen to collaborate on ultra-fast charging network in China
Memorandum of understanding signed to share fast-charging networks
Exploration of co-branded ultra-fast charging stations in the pipeline
Source: REUTERS