FX.co ★ XPeng, Volkswagen To Develop Two B-class Battery Electric Vehicles

XPeng Inc. and the Volkswagen Group have announced their partnership in developing two B-class battery electric vehicles under the Volkswagen brand. This collaborative effort was made public through a company statement.

In the framework of the Master Agreement, both companies have additionally initiated a Joint Sourcing Program. This program is designed to source common vehicle parts and platforms used by both companies. By pooling resources and leveraging the Volkswagen Group's supply chain, the goal of the Joint Sourcing Program is to decrease the platform's cost collectively. This reduction is anticipated to generate significant synergies, enhancing the strategic partnership's value and competitiveness of the jointly developed B-class battery electric vehicles.