Volkswagen’s Xpeng deal sets example for EV alliance between the West and China

The major news from China’s auto industry this week is Volkswagen’s $700 million investment in the country’s electric vehicle startup, Xpeng. This partnership has the potential to set a precedent for Western automakers seeking to leverage Chinese firms for their EV expertise, while their Chinese counterparts can benefit from their foreign allies’ global distribution.
The agreement involves the production of two new battery-powered models under the Volkswagen brand utilizing some of Xpeng’s key technologies. These include Xpeng’s vehicle-to-anything (V2X) and

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