Xpeng Motors can be said to be very proud of itself in recent times. The newly launched G6 and new G9 have been selling like hotcakes, with sales continuing to pick up. Moreover, the long-established car company Volkswagen has also taken a liking to it.Spend approximately 5.9 billion to subscribe for approximately 4.99% of Xpeng’s equity and sign a strategic technology cooperation agreement with it, the two parties will jointly develop two electric models of the Volkswagen brand, which are expected to be launched in 2026.
Just today, Xpeng Motors CEO He Xiaopeng released his feelings about his trip to Germany at the end of September. He said:
At the end of September, I visited the Wolfsburg headquarters of the Volkswagen Group and met with our good friends Oliver, Ralf and Stefan. Seeing is believing. I deeply admire Volkswagen's capabilities in product and engineering design and large-scale manufacturing. I am also full of confidence and more imagination about how to complement each other's advantages and achieve long-term win-win cooperation in the future.
In the past few months,The models we jointly developed are already accelerating, the technical teams of both parties are like an entrepreneurial team, fully committed and moving forward at full speed for the common goal; the strategic cooperation promoted in the supply chain will bring us the potential of joint cost reduction; several of us who are engaged in technology also talked about the development of electrification and intelligent technology in the next few years. It can be said that they coincide with each other, and the blueprint for long-term cooperation in technology is also clearer.
In terms of internationalization, Volkswagen has too many excellent abilities and experiences worth learning from. Through strategic cooperation with Volkswagen, we are extremely looking forward to bringing the best products and technologies to friends in China and around the world. Like Xiaopeng's long-standing values, we work together with like-minded Peng friends and look forward to sharing success together.
Judging from the group photo released, the people participating in the meeting were Xiaopeng Motors CEO He Xiaopeng, President Gu Hongdi, Vice President of Investment and Financing Zhang Xiaofeng, Volkswagen Group & Porsche Global CEO Oliver Blume, Volkswagen Group China Chairman and CEO Ralf Brandstätter, and Volkswagen China Passenger Car Brand CEO Stefan Mecha. It must be said that the specifications are full.