Western OEMs look to cut costs in fight against Chinese EV 'invasion'

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Go back to Western OEMs look to cut costs in fight against Chinese EV 'invasion'

Volkswagen Group Makes Strategic Investment into XPENG ($XPEV) to Develop B-Class EVs in China

July 27, 2023 12:27 PM EDT

SAN 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 EDT

XPENG 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 EDT

AUBURN HILLS, Mich., July 25, 2023 /PRNewswire/ --

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