BEIJING, Jan 6 (Reuters) - China's Xpeng Motors
and Volkswagen have agreed to expand their
partnership to cooperate on ultra-fast electric vehicle charging
networks in China, the automakers said on Monday.
The companies have signed a memorandum of understanding to
open their respective fast-charging networks to each other's
customers, which comprise more than 20,000 charging piles across
420 cities in China, they said in a joint statement.
They will also explore the joint construction of
co-branded ultra-fast charging stations.
Xpeng ( XPEV ) and Volkswagen forged a partnership in 2023, when
Volkswagen bought 4.99% of Xpeng ( XPEV ) for around $700 million with
plans to jointly launch two Volkswagen-branded EV models by
2026.
Volkswagen later said it had developed a new architecture
for intelligent and electric cars with Xpeng ( XPEV ) which the German
automaker said would help it offer more affordable EVs in its
biggest market.