XTRA:VOW3Auto
Volkswagen’s China EV Pivot Tests Export Strategy And Xpeng Partnership
Volkswagen is increasing exports of China made electric vehicles to emerging markets as part of a broader reset of its China plans.
The company is expanding its collaboration with Chinese EV maker Xpeng, including joint development work and technology sharing.
Volkswagen has outlined plans to introduce 50 plug in hybrid and electric models in China, signaling a larger focus on locally adapted products.
For investors watching XTRA:VOW3, this China push comes as the share price sits at about...