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

TechCrunch
By Rita LiaoJul 27, 2023, 10:02 pm221 pts
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…

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