Xpeng and Volkswagen Partner to Build Ultra-Fast EV Charging Network in China
Xpeng Motors and Volkswagen have expanded their collaboration to build an ultra-fast electric vehicle (EV) charging network in China, the companies announced on Monday. This partnership will allow the two automakers to share their fast-charging networks, which together consist of more than 20,000 charging points across 420 cities in China.
The companies have signed a memorandum of understanding (MoU) that enables each other’s customers to use their respective charging stations. In addition, Xpeng and Volkswagen plan to explore the construction of co-branded ultra-fast charging stations to further enhance the EV charging infrastructure in the country.
The collaboration builds on their 2023 partnership, when Volkswagen acquired a 4.99% stake in Xpeng for approximately $700 million. As part of the agreement, the automakers are also working on jointly launching two Volkswagen-branded electric models by 2026. Volkswagen has also developed a new architecture for intelligent and electric vehicles in collaboration with Xpeng, with the aim of offering more affordable EVs in China, its largest market.