Xpeng MotorsIn the morning of July 22, the Hong Kong Stock Exchange announced that Xpeng Motors andVolkswagen GroupAnnounced jointly that following the electronicelectricAfter the announcement of the strategic cooperation framework agreement on architecture technology, Xiaopeng Motors and Volkswagen Group have signed a strategic cooperation and joint development agreement on electronic and electrical architecture technology. Both parties will devote themselves to developing industry-leading electronic and electrical architectures for Volkswagen's CMP and MEB platforms produced in China. In the strategic cooperation on electronic and electrical architecture technology, Xiaopeng Motors and Volkswagen Group have established a joint development project team in Guangzhou and Hefei, and engineers from both sides will work closely to accelerate the development process 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. In addition, according to this joint development agreement, Xiaopeng Motors and Volkswagen Group will actively explore opportunities for further cooperation to expand the scope of application of the electronic and electrical architecture jointly developed by the two parties.
