XPeng Jumps on Technology Collaboration With Volkswagen in China

Key TakeawaysXPeng is partnering with Volkswagen to develop technology for the latter's electric vehicles produced in China.Production is expected to begin on electrical/electronic architecture within two years.Volkswagen invested $700 million for a 4.99% stake in XPeng last year. XPeng (XPEV) American depositary receipts (ADRs) surged on Monday after it said it would co-develop electrical/electronic (E/E) architecture with Volkswagen for the latter's electric vehicles (EVs) produced in China. Under a maste ...