Xpeng and Volkswagen to Build China's Largest Ultra-Fast EV Charging Network
The companies plan to deploy over 20,000 charging terminals across 420 cities under a new strategic agreement.
- Xpeng and Volkswagen signed a memorandum of understanding to jointly develop an ultra-fast EV charging network in China.
- The network will feature over 20,000 charging terminals accessible to customers of both brands in 420 cities.
- The companies are exploring the possibility of co-branded charging stations as part of their collaboration.
- Volkswagen acquired a 4.99% stake in Xpeng in 2023, marking the start of their partnership on EV development and technology.
- Their first jointly developed EV model, based on Xpeng's platform, is expected to enter mass production within 24 months.