Connected Car
Firstly, the VW brand has signed an agreement with tech-driven Chinese automaker Xpeng for long-term technological cooperation. Secondly, Audi and SAIC have signed a deal to expand the two companies’ existing cooperation, developing vehicles for the Chinese market. Expanding VW’s Chinese EV StrategyThe new agreements are rooted in furthering Volkswagen’s electrification plans while bolstering its capabilities of developing localized products as part of the group’s “in China, for China” strategy. Xpeng is considered one of the smaller players in the Chinese car market but has grabbed headlines with its innovation. Initially, VW and XPENG will work on two new midsized EVs that will be specific to the Chinese market.