Western OEMs look to cut costs in fight against Chinese EV 'invasion'
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Volkswagen Group Makes Strategic Investment into XPENG ($XPEV) to Develop B-Class EVs in China
July 27, 2023 12:27 PM EDTSAN DIEGO, CA / ACCESSWIRE / July 27, 2023 / XPENG (NYSE: XPEV), a leading electric vehicle manufacturer, and Volkswagen have announced a strategic partnership that aims to capitalize on each other's strengths. As part of this collaboration, Volkswagen will make a strategic minority investment in XPENG, acquiring... More
XPENG and the Volkswagen Group Announce Entry into Framework Agreement on Strategic Technical Collaboration and Strategic Minority Investment by the Volkswagen Group in XPENG
July 26, 2023 9:15 AM EDTXPENG and the Volkswagen Group entered into long-term strategic partnership XPENG and the Volkswagen Group will jointly develop two B-class BEVs under Volkswagen brand leveraging the strength of each other XPENG will issue Class A ordinary shares about 4.99% of its outstanding share capital to the Volkswagen Group at US$15 per ADS for approximately US$700 million The strategic partnership also empowers both parties to explore long-term collaboration opportunities in future EV platforms, supply chain, next-generation Smart EV technologies, among others
GUANGZHOU, China--(BUSINESS... More
Limited-edition Mopar '23 Dodge Challenger and Dodge Charger Models Coming to US and Canada
July 25, 2023 10:00 AM EDTAUBURN HILLS, Mich., July 25, 2023 /PRNewswire/ --
