EconomyInsight: Volkswagen’s bet on Xpeng to rescue its China business is faltering
Volkswagen turned to EV maker Xpeng in 2023 to address its struggling China business. Executives pitched the partnership as a shortcut to developing cars for China at the pace of the local auto sector, but it is not going to plan.
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Reuters★★☆☆☆2026-10-20 05:10Original
Insight: Volkswagen’s bet on Xpeng to rescue its China business is faltering
Economy