Volkswagen and Xpeng to build super-fast charging network in China for EVs
Summary
Top Volkswagen and Xpeng executives pose at the German automakers launch event in Beijing, China, on Aug. 24, 2024. Shares of Volkswagen and Xpeng both rose on Monday after the two firms announced plans to expand their partnership in electric vehicle charging stations in China. The German automaker and Chinese electric car firm signed a memorandum of understanding in which they pledged to open their respective super-fast charging networks to each others customers. Xpengs Hong Kong-listed shares closed 3.4% higher on Monday. Volkswagen and Xpeng will explore cooperation on co-branded super-fast charging stations, the companies said.
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