Volkswagen

Invest $700 Million in Xpeng and Jointly Develop EVs in China.

The German carmaker Volkswagen plans to invest about $ 700 million for a stake of 4.99 percent in Xpeng and an observer’s board seat as well.

Xpeng and VW plan to roll out two Volkswagen-badged mid-sized EVs by 2026 in China.

Mid-sized EVs by 2026

The two new EV models will target China’s middle-class segment and will be jointly developed for VW after the deal with Xpeng is signed.

Mid-sized EVs by 2026

The two new EV models will target China’s middle-class segment and will be jointly developed for VW after the deal with Xpeng is signed.

Mid-sized EVs by 2026

Volkswagen Group expands in China with new intelligent and connected EVs, targeting new customer segments.

VW’s Growth in China

Volkswagen has alone this year announced investments worth nearly € 5 billion, including the Xpeng investment in China, the world’s largest automobile market.

VW’s Growth in China

VW understands the urgent need to catch up with global and Chinese rivals in the big Chinese EV market.

VW’s Growth in China