Volkswagen acquires $700 million stake in XPeng to boost its EV game

27 July 2023
German giant Volkswagen sets its sights on China's booming EV market, backing local tech pioneer Xpeng in a landmark deal.

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Anonymous, 27 Jul 2023This partnership is perfect for Xpeng. Harnessing VW supply chain would go to great length to ... moreTBH, it would be a major win for VW, because not only their software needs major improvement, but the hardware they use is incredibly in-efficient and badly packaged.
It is all about the money and know-how. For VW, it is much cheaper to implement something that works compared to developing a proper EV platform with as few downsides as possible.

They are way too afraid of Chinese EV manufacturers and lately Tesla as well (major price cuts and good availability).

  • Anonymous

This partnership is perfect for Xpeng. Harnessing VW supply chain would go to great length to increase thier market share and profit. Cause VW is undoubtedly holding 24% of Germany's automotive market share. And so Xpeng would be the greatest benefactor.

On the flip side VW would also benefit from the software and self driving features, which is great and that goes to long length to show how much Xpeng has developed the softwares and self driving tech.

But it also goes to centralize and globalize Xpeng as a company.

Hopefully, they'll up thier line up

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