Xpeng, VW to jointly build ultra-fast charging network in China
BEIJING – China’s Xpeng Motors 9868.HK and Volkswagen VOWG_p.DE have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers said on Monday.
The companies have signed a memorandum of understanding to open their respective fast-charging networks to each other’s customers, which comprise more than 20,000 charging piles across 420 cities in China, they said in a joint statement.
They will also explore the joint construction of co-branded ultra-fast charging stations.
The strategic cooperation is the fourth milestone in Xpeng’s long-term strategic partnership with Volkswagen, the Chinese EV maker said, adding that the two companies plan to explore further strategic cooperation opportunities to broaden their technology cooperation.
In 2023, Xpeng and Volkswagen forged a partnership when the latter bought 4.99% of Xpeng for around $700 million with plans to jointly launch two Volkswagen-branded EV models by 2026.
Volkswagen later said it had developed a new architecture for intelligent and electric cars with Xpeng, which the German automaker said would help it offer more affordable EVs in its biggest market.
