Xpeng and Volkswagen Unite to Create Ultra-Fast EV Charging Network in China
In a significant step towards enhancing electric vehicle infrastructure, Chinese automaker Xpeng Motors and German automotive giant Volkswagen have announced a partnership to develop ultra-fast electric vehicle charging networks across China. The two companies have signed a memorandum of understanding to integrate their respective fast-charging networks, totaling over 20,000 charging stations in 420 cities throughout the country.
The collaboration comes after Volkswagen acquired a 4.99% stake in Xpeng for approximately $700 million in 2023, marking the beginning of their partnership. As part of their agreement, the companies plan to jointly build co-branded ultra-fast charging stations, expanding access for both of their customer bases.
This partnership aims to facilitate the rollout of affordable electric vehicles in China, which is Volkswagen's largest market. The automakers are also working on two Volkswagen-branded electric vehicle models scheduled for release by 2026, designed using a new architecture developed in collaboration with Xpeng.
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