Volkswagen and Xpeng will open their super-fast charging networks to each other's customers in China. The companies will also explore cooperation on co-branded charging stations. This partnership aims to create one of the largest super-fast charging networks in China, with over 20,000 charging points across 420 cities.
Volkswagen and Xpeng will open their respective super-fast charging networks to each others' customer in China as part of a memorandum of understanding.
The German automaker has ramped up its focus on China via an investment in Xpeng and an aggressive electric vehicle launch schedule.both rose on Monday after the two firms announced plans to expand their partnership in electric vehicle charging stations in China.The German automaker and Chinese electric car firm signed a memorandum of understanding in which they pledged to open their respective super-fast charging networks to each others' customers.
Volkswagen and Xpeng will explore cooperation on co-branded super-fast charging stations, the companies said. Charging points are becoming a key battleground in the electric vehicle space because they provide the necessary infrastructure that allows people to drive further in battery-powered cars if they need to recharge.invested around $700 million in Xpeng
ELECTRIC VEHICLES CHARGING INFRASTRUCTURE CHINA VOLKSWAGEN XPENG
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