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XPENG (NYSE: XPEV) and Volkswagen Group China have signed a Memorandum of Understanding (MOU) to jointly develop one of China’s largest super-fast charging networks. The strategic collaboration will provide mutual access to over 20,000 charging piles across 420 cities in China for customers of both companies.
The partnership leverages both companies’ technological advantages in high-power liquid-cooled super-fast charging and their complementary coverage across China. The companies will also explore building co-branded super-fast charging stations to accelerate network expansion and improve operational efficiency.
This initiative marks the fourth milestone in the long-term strategic partnership between XPENG and Volkswagen Group, with both parties planning to explore additional strategic collaboration opportunities and technology partnerships.
XPENG (NYSE: XPEV) e Volkswagen Group China hanno firmato un Memorandum of Understanding (MOU) per sviluppare congiuntamente una delle più grandi reti di ricarica super veloce in Cina. Questa collaborazione strategica offrirà accesso reciproco a oltre 20.000 colonnine di ricarica in 420 città cinesi per i clienti di entrambe le aziende.
La partnership sfrutta i vantaggi tecnologici di entrambe le aziende nella ricarica super veloce ad alta potenza e la loro copertura complementare in Cina. Le aziende esploreranno anche la possibilità di costruire stazioni di ricarica super veloce con marchio congiunto per accelerare l’espansione della rete e migliorare l’efficienza operativa.
Questa iniziativa rappresenta il quarto traguardo nella lunga partnership strategica tra XPENG e Volkswagen Group, con entrambe le parti che pianificano di esplorare ulteriori opportunità di collaborazione strategica e partnership tecnologiche.
XPENG (NYSE: XPEV) y Volkswagen Group China han firmado un Memorando de Entendimiento (MOU) para desarrollar conjuntamente una de las redes de carga super rápida más grandes de China. Esta colaboración estratégica proporcionará acceso mutuo a más de 20,000 estaciones de carga en 420 ciudades de China para los clientes de ambas empresas.
La asociación aprovecha las ventajas tecnológicas de ambas compañías en la carga super rápida líquida de alta potencia y su cobertura complementaria en China. Las empresas también explorarán la construcción de estaciones de carga super rápida con marca compartida para acelerar la expansión de la red y mejorar la eficiencia operativa.
Esta iniciativa marca el cuarto hito en la larga asociación estratégica entre XPENG y Volkswagen Group, con ambas partes planeando explorar oportunidades adicionales de colaboración estratégica y asociaciones tecnológicas.
XPENG (NYSE: XPEV)와 Volkswagen Group China는 중국에서 가장 큰 초고속 충전 네트워크를 공동 개발하기 위한 양해각서를 체결했습니다. 이 전략적 협력은 두 회사의 고객을 위해 420개 도시에서 20,000개 이상의 충전소에 상호 접근을 제공합니다.
파트너십은 두 회사의 고출력 액체 냉각 초고속 충전 기술과 중국 전역에서의 보완적인 범위를 활용합니다. 또한 두 회사는 네트워크 확장을 가속화하고 운영 효율성을 개선하기 위해 공동 브랜드의 초고속 충전소 건설을 탐색할 것입니다.
이 이니셔티브는 XPENG와 Volkswagen Group 간의 장기 전략적 파트너십에서 네 번째 이정표로, 양측은 추가적인 전략적 협력 기회와 기술 파트너십을 탐색할 계획입니다.
XPENG (NYSE: XPEV) et Volkswagen Group China ont signé un protocole d’accord (MOU) pour développer conjointement l’un des plus grands réseaux de recharge ultra-rapide de Chine. Cette collaboration stratégique permettra un accès mutuel à plus de 20 000 bornes de recharge dans 420 villes en Chine pour les clients des deux entreprises.
Le partenariat tire parti des avantages technologiques des deux entreprises en matière de recharge ultra-rapide à haute puissance, ainsi que de leur couverture complémentaire en Chine. Les entreprises examineront également la possibilité de construire des stations de recharge ultra-rapides co-marquées afin d’accélérer l’expansion du réseau et d’améliorer l’efficacité opérationnelle.
Cette initiative représente le quatrième jalon dans le partenariat stratégique à long terme entre XPENG et Volkswagen Group, les deux parties prévoyant d’explorer d’autres opportunités de collaboration stratégique et des partenariats technologiques.
XPENG (NYSE: XPEV) und Volkswagen Group China haben ein Memorandum of Understanding (MOU) unterzeichnet, um gemeinsam eines der größten superschnellen Ladevorratsnetzwerke in China zu entwickeln. Diese strategische Zusammenarbeit wird den gegenseitigen Zugang zu über 20.000 Ladestationen in 420 Städten in China für die Kunden beider Unternehmen ermöglichen.
Die Partnerschaft nutzt die technologischen Vorteile beider Unternehmen im Bereich der Hochleistungs- flüssigkeits gekühlten superschnellen Ladetechnologie und deren komplementäre Abdeckung in China. Die Unternehmen werden außerdem die Möglichkeit prüfen, gemeinsam gebrandete superschnelle Ladestationen zu errichten, um die Netzwerkausweitung zu beschleunigen und die Betriebseffizienz zu verbessern.
Diese Initiative markiert den vierten Meilenstein in der langfristigen strategischen Partnerschaft zwischen XPENG und Volkswagen Group, wobei beide Parteien zusätzliche strategischen Kooperationsmöglichkeiten und Technologiepartnerschaften erkunden möchten.
Positive
- Access to extensive charging network of 20,000 charging piles across 420 cities
- Strategic partnership with major automotive manufacturer Volkswagen
- Potential expansion through co-branded charging stations
- Enhanced market presence and competitive advantage in charging infrastructure
Insights
The strategic collaboration between XPENG and Volkswagen marks a pivotal development in China’s EV charging infrastructure landscape. The joint network of 20,000 charging piles across 420 cities represents a significant competitive advantage in the world’s largest EV market. Think of this as creating a “charging superhighway” – it’s like combining Starbucks and McDonald’s locations to give customers of both chains access to double the number of stores.
For XPENG, this partnership provides immediate scale and credibility, potentially driving increased vehicle sales by addressing range anxiety – a key barrier to EV adoption. The collaboration with an established global player like Volkswagen enhances XPENG’s market position and could lead to improved utilization rates of their charging infrastructure, boosting recurring revenue streams.
In simple terms: Imagine having a phone that could charge at both Apple and Android charging stations – that’s essentially what XPENG and VW are creating for their EV customers in China.
The technological synergy in this partnership centers on high-power liquid-cooled super-fast charging systems – a critical differentiator in the EV space. Liquid cooling technology allows for higher charging speeds while maintaining battery safety and longevity, a key consideration for mass-market adoption. By pooling their proprietary charging technologies, both companies can accelerate innovation and potentially establish new industry standards.
The network effect created by this collaboration will be substantial. With 420 cities covered, the combined infrastructure creates a compelling ecosystem that could accelerate EV adoption rates. The co-branded charging station initiative suggests future standardization of charging protocols, which could lead to improved efficiency and cost reduction through economies of scale.
- XPENG and the Volkswagen Group China announce a Memorandum of Understanding (MOU) to jointly build one of the largest super-fast charging networks in China, granting mutual access to respective proprietary, industry-leading super-fast charging networks.
- Over 20,000 charging piles operated by both parties across 420 cities in China will be accessible to customers of both XPENG and Volkswagen Group China.
- Both parties will jointly explore the cooperation on co-branded super-fast charging stations, accelerating the expansion of charging networks and enhancing the charging experience for customers.
GUANGZHOU, China, Jan. 06, 2025 (GLOBE NEWSWIRE) — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, and the Volkswagen Group China, one of the world’s largest automobile manufacturers, are pleased to announce today that both parties have entered into a memorandum of understanding (“MOU”) for strategic collaboration on super-fast charging networks in China.
Under the MOU, XPENG and the Volkswagen Group China will jointly build one of the largest super-fast charging networks in China . Through this strategic collaboration, more than 20,000 charging piles operated by both companies, spanning 420 cities in China, will be made available to customers of both XPENG and Volkswagen Group China. Combining the technological advantages in high-power liquid-cooled super-fast charging as well as the broad and complementary coverage of both parties in China, customers of both parties will have the opportunity to enjoy the superior fast charging experience across China.
The collaboration will also extend to future possibility of building co-branded super-fast charging stations in China, to further accelerate the charging network expansion and improve operation efficiency.
This strategic collaboration marks the fourth milestone in the long-term strategic partnership between XPENG and Volkswagen Group. Both parties plan to explore further strategic collaboration opportunities, broadening technology collaborations, and strengthening the win-win strategic partnership.
About XPENG
XPENG is committed to leading the transformation of future mobility through exploring technology and being a “explorer of future mobility”. The company’s headquarter is located in Guangzhou. It has established research and development centers in Beijing, Shanghai, Shenzhen, Zhaoqing, Yangzhou and other places, and has also laid out intelligent manufacturing bases in Zhaoqing and Guangzhou. Meanwhile, XPENG conducts research and development as well as sales layouts globally. It has already set up a research and development center in the United States and established branches in multiple locations in Europe. XPENG adheres to the full-stack independent research and development of intelligent assisted driving software and the development of core hardware, bringing excellent intelligent driving and riding experiences to users.
On August 27th, 2020, XPENG was officially listed on the New York Stock Exchange. The scale of its fundraising broke the then IPO record in the global NEV industry, with its stock code being “NYSE:XPEV”. On July 7th, 2021, XPENG was listed on the Hong Kong Stock Exchange, with the stock code “9868.HK”, becoming the first Chinese NEV manufacturer to achieve dual primary listings in both Hong Kong, China and New York, the United States.
About Volkswagen Group China
The Volkswagen Group is one of the first and most successful international partners of the Chinese automotive industry. The company’s success story began in 1978 when the Volkswagen Group first collaborated with Chinese partners. In 1984, the first joint venture of the Volkswagen Group in China, SAIC VOLKSWAGEN Corporation Ltd., was established in Shanghai. This was followed by the founding of FAW-Volkswagen Corporation Ltd. in Changchun in 1991. In 2017, the Volkswagen Group established Volkswagen (Anhui) Automotive Company Limited, which focuses on the research, development, and production of New Energy Vehicles (NEVs). In 2021, the Audi FAW NEV Company was incorporated, focusing on the manufacture of premium NEVs in China. The activities of the Volkswagen Group in China include the production, distribution, and service of vehicles and components such as engines and transmissions. Some of the Group’s brands, including Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Audi, ŠKODA, JETTA, Porsche, Bentley, Lamborghini, and Ducati, are represented in China through Volkswagen Group China and its subsidiaries. In 2023, Volkswagen Group China, together with its Chinese joint venture partners, delivered more than 3.23 million vehicles to customers on the Chinese mainland and in Hong Kong. Around 50 million customers in China drive a Group vehicle. By the end of 2023, Volkswagen Group China and its joint ventures employed around 90,000 employees.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goals and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, contract manufacturers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the SEC. All information provided in this press release is as of the date of this press release, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contacts:
For Investor Enquiries:
IR Department XPeng Inc.
Email: ir@xiaopeng.com
Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.com
For Media Enquiries:
PR Department XPeng Inc.
Email: pr@xiaopeng.com
Source: XPeng Inc.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce5b9e29-1839-44bd-a3f1-a2ef363b2518
FAQ
How many charging stations will be available through the XPEV-Volkswagen partnership?
The partnership will provide access to over 20,000 charging piles operated by both companies across 420 cities in China.
What is the scope of XPEV’s charging network collaboration with Volkswagen?
The collaboration includes mutual access to proprietary super-fast charging networks and potential development of co-branded charging stations across China.
What technology will be used in XPEV-Volkswagen charging stations?
The charging stations will utilize high-power liquid-cooled super-fast charging technology from both companies.
How many cities will XPEV’s charging network cover with Volkswagen?
The charging network will cover 420 cities across China.
What is the significance of this partnership for XPEV shareholders?
This partnership represents the fourth milestone in XPENG’s strategic relationship with Volkswagen, potentially strengthening market position and infrastructure capabilities.
