On February 29, the reporter learned from the Volkswagen GroupVolkswagen and Xpeng have signed a technical cooperation agreement for the joint development of platforms and software, marking another important milestone in their strategic partnership.
The technical cooperation agreement signed this timeThe focus will be on two midsize Volkswagen brand midsize vehicles jointly developed by the two companies at the beginning of the partnership, the first of which will be an SUV modelγIt is reported thatVolkswagen (China) Technology Co., Ltd. (VCTC) in Hefei is the docking hub for this cooperation, which will ensure optimal synergies.
Volkswagen and Xpeng will quickly and efficiently build two Volkswagen-branded models developed specifically for the Chinese market, the first of which will be an SUV.
According to the agreement, the two companies will purchase shared vehicle and platform parts through a joint procurement program. With this solution and the Volkswagen Group's strong chain system, the program aims to create cost advantages and make the jointly developed medium-sized connected vehicles more economically competitive. Product development cycles will be shortened by more than 30 percent through joint procurement and the application of innovative technologies in the vehicle design and engineering phases.
Through this partnership, the Volkswagen brand will be able to rapidly and purposefully expand its existing product portfolio to better meet the needs of new customer segments in the fast-growing Chinese EV market. The two electric models jointly developed by the two companies will be equipped with advanced hardware and software to provide Chinese customers with an intuitive, connected digital experience and advanced autonomous driving features. The two companies will give full play to their respective core strengths and jointly promote research and development.
"Following the announcement of the strategic partnership last year, the two companies have completed the signing of this technical cooperation agreement, which demonstrates the great potential of this cooperation. At present, the two teams are working at full speed towards the common goal, and will give full play to the advantages of both parties to create smart car products for customers. β
Volkswagen (Anhui)** Photo by Xinhua News Agency reporter Guo Chen.
"The signing of the joint development agreement marks another major milestone in our strategic cooperation with the Volkswagen Group, and the synergies have already begun to materialize through the joint procurement program," said He Xiaopeng, Chairman and CEO of Xpeng Motors. β
It is reported that the two companies will give full play to their respective strengths and build two models developed specifically for the Chinese market quickly and efficiently on the basis of their existing product portfolios, the first of which is an SUV.
It is worth mentioningVolkswagen Technology China, Hefei, is the hub for this cooperation and will ensure optimal synergies. In order to drive strategic development, the Volkswagen Group has built an advanced production, R&D and innovation center in Hefei, Anhui Province, with Volkswagen Technology China at the core of this layout, focusing on the research and development of intelligent and connected electric vehicles.
Previously, in December 2023, Volkswagen Group completed the acquisition of 499%γOn February 5, 2024, Volkswagen Group China announced that the new Volkswagen brand model developed in collaboration with Xpeng will start production in Hefei in 2026.
Text |Hefei Tong client-Hebao full ** reporter Li Runyuan.