VW Takes $700M Xpeng Stake for EV Pact to Win Back China

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Brian Gu, co-president and honorary vice chairman at Xpeng Inc., discusses the company’s plan to jointly develop electric vehicles with Volkswagen AG for sale the Chinese market. Volkswagen AG plans to invest $700 million in Xpeng. Gu speaks exclusively on Bloomberg Television.
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Bad Moderators, zero touch and timing. Great guest though.

Lionhead
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a huge backup for Xpeng. But i hope they wil have enough power for their own development.

mycosmos
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Promising collaboration news...hope it spells turn around for both companies

BWorldadventure
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This deal just confirms how bad VW is doing in the EV space.

julieta
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Good news for Xpeng. Not sure how VW's arrogance is going in the long run.

LawpickingLocksmith
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Wait, how much in subsidies did the liberal party of Canada give VW?

Solairethedarksoul