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According to the Zhitong Finance APP, Xpeng Motors-W (09868) and Volkswagen Group jointly announced that following the signing of the electronic and electrical architecture technology strategic cooperation framework agreement between Xpeng Motors and Volkswagen Group on April 17, 2024, Xpeng Motors and Volkswagen Group have signed a strategic cooperation and joint development agreement on electronic and electrical architecture technology. Both parties will fully invest in developing industry-leading electronic and electrical architectures for Volkswagen's CMP and MEB platforms produced in China. The signing of the joint development agreement not only marks that both parties will accelerate the development of electronic and electrical architectures in China, but also lays the foundation for expanding the scope of their strategic cooperation in electronic and electrical architecture technology.

In the strategic cooperation on electronic and electrical architecture technology, Xpeng Motors and Volkswagen Group have established a joint development project team in Guangzhou and Hefei. Engineers from both sides will work closely together to accelerate the development of the electronic and electrical architecture. Through the close technical cooperation of the joint development project team, the first model equipped with the electronic and electrical architecture jointly developed by the two parties is expected to be mass-produced in about 24 months, reflecting the deep mutual trust and firm investment of Volkswagen Group and Xpeng Motors in their strategic partnership.

In addition, according to this joint development agreement, Xpeng Motors and Volkswagen Group will actively explore opportunities for further cooperation to expand the application scope of the electronic and electrical architecture jointly developed by the two parties. The two parties have reached a consensus on promoting strategic cooperation in electronic and electrical architecture and hope to further strengthen their strategic partnership.

"The collaboration on electrical and electronic architecture is the third important milestone achieved in our long-term strategic partnership with Volkswagen Group within a year. With the high level of trust between Volkswagen and Xpeng Motors and the close collaboration of engineers from both sides, the development of our joint projects has progressed rapidly and significant synergies have been achieved. I very much look forward to expanding the scope of our technical cooperation and deepening our win-win strategic partnership," said He Xiaopeng, Chairman and CEO of Xpeng Motors.

"The rapid progress made in the close cooperation between Volkswagen Group and Xpeng Motors demonstrates the huge potential of the partnership between the two parties," said Peter Breid, Managing Director of Volkswagen Group's business in China and Chairman and CEO of Volkswagen Group (China). "Both parties contribute their respective technical expertise to jointly develop advanced electronic and electrical architectures. Now, our cooperation has taken a new step. This is another milestone in the Volkswagen Group's continued implementation of the 'In China, for China' strategy, with a clear focus on Chinese customer needs and the promotion of technological innovation. From 2026, all pure electric models launched by the Volkswagen brand in the Chinese market will be equipped with this powerful and efficient electronic and electrical architecture."