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27 Jul
08:51

XPeng, Volkswagen reach agreement on joint EV development

German automaker Volkswagen Group has announced it plans invest about $700 million in Chinese automaker XPeng. The two parties reached agreement on several issues, including the joint development of two B-class electric vehicles, Kallanish learns.  Xpeng and Volkswagen will jointly develop two B-class EV models based on their core competitiveness and Xpeng's G9 model platform, smart cockpit and advanced driver assistance system software. The new cars will…
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