XPeng, Volkswagen Team Up to Build Super-Fast EV Charging Network in China

Investopedia

07 Jan

Key Takeaways

XPeng and Volkswagen will work together to build a network of electric vehicle charging stations in China.
The two carmakers expect to produce more than 20,000 charging units to be installed in 420 cities.
XPeng and Volkswagen plan to look into making more strategic collaborations.

Chinese electric vehicle (EV) maker XPeng (XPEV) and Volkswagen's China unit on Monday struck a deal to produce super-fast charging stations there.

XPeng said the agreement calls for the building of more than 20,000 charging units in 420 cities. XPeng and Volkswagen will operate them, and they'll be available for use by drivers of cars by both.

The company explained that customers will benefit from the combination of the companies' technological advantages in "high-power liquid-cooled super-fast charging," along with their reach throughout China.

XPeng added that the deal "will also extend to [the] future possibility of building co-branded super-fast charging stations in China." It added that the two firms plan to explore even more strategic collaborations.

American depositary receipts (ADRs) of XPeng initially rose on the news but were little changed in recent trading. They are down more than 10% over the past year.

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XPeng and Volkswagen will operate them, and they'll be available for use by drivers of cars by both.\n</p>\n<div></div>\n<p> The company explained that customers will benefit from the combination of the companies' technological advantages in \"high-power liquid-cooled super-fast charging,\" along with their reach throughout China. \n</p>\n<div></div>\n<p> XPeng added that the deal \"will also extend to [the] future possibility of building co-branded super-fast charging stations in China.\" It added that the two firms plan to explore even more strategic collaborations.\n</p>\n<div></div>\n<p> American depositary receipts (ADRs) of XPeng initially rose on the news but were little changed in recent trading. 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The two carmakers expect to produce more than 20,000 charging units to be ...</p>\n\n<a href=\"https://www.investopedia.com/xpeng-volkswagen-team-up-to-build-super-fast-ev-charging-network-in-china-8769667\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4526","symbol_name":"热门中概股","start_time":0,"source_url":"https://www.investopedia.com/xpeng-volkswagen-team-up-to-build-super-fast-ev-charging-network-in-china-8769667","article_id":"2501525088","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/R3ZyKTufrYCzMkwFI6FUJbpfgug=/6084x3424/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2191800467-08210ff9c6e74095b8fbcc9e9d8a1cd8.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501525088","pubTimestamp":1736180659,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"XPeng and Volkswagen will work together to build a network of electric vehicle charging stations in China. The two carmakers expect to produce more than 20,000 charging units to be installed in 420 cities.XPeng and Volkswagen plan to look into making more strategic collaborations.Chinese electric vehicle  maker XPeng  and Volkswagen's China unit on Monday struck a deal to produce super-fast charging stations there.XPeng said the agreement calls for the building of more than 20,000 charging units in 420 cities. XPeng and Volkswagen will operate them, and they'll be available for use by drivers of cars by both.The company explained that customers will benefit from the combination of the companies' technological advantages in \"high-power liquid-cooled super-fast charging,\" along with their reach throughout China.XPeng added that the deal \"will also extend to [the] future possibility of building co-branded super-fast charging stations in China.\" It added that the two firms plan to explore ","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4526":"热门中概股","BK4588":"碎股","BK4555":"新能源车","BGSX":"Build Acquisition Corp","TISI":"Team Inc","BK4099":"汽车制造商","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","BK4551":"寇图资本持仓","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","BK4505":"高瓴资本持仓","BK4104":"贸易公司与经销商","BK4567":"ESG概念","FAST":"快扣","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","BK4585":"ETF&股票定投概念","XPEV":"小鹏汽车","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4120":"环境与设施服务"},"translate_title":"小鹏汽车与大众汽车联手在中国建设超快速电动汽车充电网络","themeId":"8ad820392917d9ef96822b3dd8214a55","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XPEV":1,"TISI":1,"FAST":1,"BGSX":1,"EVS.SI":0.6},"content_text":"Key Takeaways\nXPeng and Volkswagen will work together to build a network of electric vehicle charging stations in China. The two carmakers expect to produce more than 20,000 charging units to be installed in 420 cities.XPeng and Volkswagen plan to look into making more strategic collaborations.\n Chinese electric vehicle (EV) maker XPeng (XPEV) and Volkswagen's China unit on Monday struck a deal to produce super-fast charging stations there.\n\n\n XPeng said the agreement calls for the building of more than 20,000 charging units in 420 cities. XPeng and Volkswagen will operate them, and they'll be available for use by drivers of cars by both.\n\n\n The company explained that customers will benefit from the combination of the companies' technological advantages in \"high-power liquid-cooled super-fast charging,\" along with their reach throughout China. \n\n\n XPeng added that the deal \"will also extend to [the] future possibility of building co-branded super-fast charging stations in China.\" It added that the two firms plan to explore even more strategic collaborations.\n\n\n American depositary receipts (ADRs) of XPeng initially rose on the news but were little changed in recent trading. They are down more than 10% over the past year.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? 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