Thursday, July 27, 2023

Volkswagen’s Xpeng deal sets example for EV alliance between the West and China

The major news from China’s auto industry this week is Volkswagen’s $700 million investment in the country’s electric vehicle startup, Xpeng. This partnership has the potential to set a precedent for Western automakers seeking to leverage Chinese firms for their EV expertise, while their Chinese counterparts can benefit from their foreign allies’ global distribution. The […]

Posted from: this blog via Microsoft Power Automate.

Share:

0 comments:

Post a Comment