Published by Global Banking & Finance Review®
Posted on January 6, 2025
1 min readLast updated: January 27, 2026
Add as preferred source on Google
Xpeng Motors and Volkswagen are collaborating to expand ultra-fast EV charging networks in China, making over 20,000 charging piles accessible across 420 cities.
BEIJING (Reuters) - China's Xpeng Motors and Volkswagen 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.
Xpeng and Volkswagen forged a partnership in 2023, when Volkswagen 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.
(Reporting by Joe Cash and Brenda Goh; Editing by Kim Coghill and Saad Sayeed)
The main topic is the expansion of ultra-fast EV charging networks in China by Xpeng Motors and Volkswagen.
This partnership aims to enhance EV infrastructure in China, making charging more accessible to users.
They plan to jointly construct co-branded ultra-fast charging stations and launch Volkswagen-branded EV models.
Explore more articles in the Finance category
