XPENG and the Volkswagen Group Announce Entry into Master Agreement on Strategic Technical Collaboration and Joint Sourcing Program
Retrieved on:
Thursday, February 29, 2024
The executed agreements not only accelerate the joint development of the two B-class battery electric vehicles but also pave the way for an extended and deeper strategic collaboration in the future.
Key Points:
- The executed agreements not only accelerate the joint development of the two B-class battery electric vehicles but also pave the way for an extended and deeper strategic collaboration in the future.
- As part of the Master Agreement, both parties have also entered into a Joint Sourcing Program for the common parts of vehicles and platform that used by both parties.
- “The signing of the Master Agreement represents another significant milestone we achieved together with our partner Volkswagen Group.
- There is no precedent of the strategic partnership between Volkswagen and XPENG.