Xpeng, Volkswagen to build ultra-fast charging network in China
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CHINA’S Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers said on Monday.
The companies have signed a memorandum of understanding to open their respective fast-charging networks to each other’s customers, which comprise more than 20,000 charging piles across 420 cities in China, they said in a joint statement.
They will also explore the joint construction of co-branded ultra-fast charging stations.
Xpeng and Volkswagen forged a partnership in 2023, when Volkswagen bought 4.99 per cent of Xpeng for around US$700 million with plans to jointly launch two Volkswagen-branded EV models by 2026.
Volkswagen later said it had developed a new architecture for intelligent and electric cars with Xpeng which the German automaker said would help it offer more affordable EVs in its biggest market. REUTERS
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