More e-models for fast-growing e-mobility market in China: VW brand and Audi agree strategic cooperations with local automakers

Download
Pietro Zollino
Pietro Zollino
Deputy Head of Global Group Communications & Head of Corporate Communications
Robin Aschhoff
Robin Aschhoff
Volkswagen Group China | International Communications
Agnes Schwägerl
Agnes Schwägerl
Audi AG I Corporate Communications
Strategic cooperations
  • The VW brand concludes technological framework agreement for long-term cooperation with XPENG 
  • In addition, the Volkswagen Group is investing approximately US$700 million in XPENG via way of capital increase and will ultimately hold about 4.99 percent of the shares for a price of US$15 per ADS (*) 
  • Audi and SAIC sign memorandum expanding existing cooperation 
  • Both partnerships provide for the joint development of intelligent, fully connected electric vehicles (ICV) for the Chinese market 
  • Additional models will supplement the existing product portfolio and tap into further market and customer segments in China’s fast-growing e-mobility market 
  • New strategic cooperations increase local development capacities as part of the Volkswagen Group’s “in China for China” strategy and strengthen alignment with the wishes of Chinese customers

Beijing/Wolfsburg. The Volkswagen Group is strengthening its position on the Chinese automotive market with cooperations between the VW brand and XPENG and between Audi and SAIC. The Group is thus forging ahead with its local electrification strategy. The aim is to swiftly tap into new customer and market segments, thereby systematically leveraging the potential of China’s dynamically growing e-mobility market.

Download
The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.