Report
Volkswagen-Xpeng alliance's first product reportedly sells far below VW's forecasts
Reuters reports Volkswagen partnered with Xpeng in 2023 to speed development of cars tailored for China.
TLDR
Reuters reports that the first product from Volkswagen's alliance with EV maker Xpeng is selling far below Volkswagen's forecasts. Volkswagen turned to Xpeng in 2023 to help fix its struggling China business, with executives touting the partnership as a faster way to develop cars tailored for the market.
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