XPENG(XPEV) Newsfilter·2025-01-06 01:20Strategic Collaboration - XPENG and Volkswagen Group China have entered into a memorandum of understanding (MOU) to jointly build one of the largest super-fast charging networks in China [1] - The collaboration will involve over 20,000 charging piles across 420 cities in China, accessible to customers of both companies [2] - Both parties will explore the possibility of building co-branded super-fast charging stations to accelerate network expansion and improve operational efficiency [3] XPENG Overview - XPENG is a leading Chinese smart electric vehicle (Smart EV) company headquartered in Guangzhou, with R&D centers in Beijing, Shanghai, Shenzhen, Zhaoqing, and Yangzhou [4] - The company has established a global presence with an R&D center in the United States and branches in Europe [4] - XPENG focuses on full-stack independent R&D of intelligent assisted driving software and core hardware development [4] - The company was listed on the New York Stock Exchange on August 27, 2020, and on the Hong Kong Stock Exchange on July 7, 2021, becoming the first Chinese NEV manufacturer with dual primary listings [5][6] Volkswagen Group China Overview - Volkswagen Group China is one of the first and most successful international partners in the Chinese automotive industry, with a history dating back to 1978 [7] - The group has established joint ventures such as SAIC VOLKSWAGEN and FAW-Volkswagen, and in 2017, it founded Volkswagen (Anhui) Automotive Company Limited, focusing on NEVs [7] - In 2023, Volkswagen Group China and its joint ventures delivered over 3.23 million vehicles in China and employed around 90,000 people [7] Collaboration Impact - The strategic collaboration marks the fourth milestone in the long-term partnership between XPENG and Volkswagen Group China [3] - Both parties plan to explore further strategic collaboration opportunities, broadening technology collaborations and strengthening their win-win partnership [3]