Volkswagen, Xpeng expand electric vehicle partnership

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Volkswagen and Xpeng Motors have inked a deal to develop a high-performance electrical/electronic architecture that will underpin upcoming China-made, VW-branded models starting 2026, the companies said on Wednesday. The agreement is an expansion of a partnership that kicked off last year with a focus on the development of two new VW models featuring Xpeng’s autonomous driving capabilities scheduled for launch in 2026 in China. Volkswagen and Xpeng also said in February that they will start sourcing vehicle components together to reduce costs. Xpeng’s shares rose 3.8% as of Wednesday’s market close. [Volkswagen announcement]Related