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home / articles / volkswagen fortifies chinese presence with 2 5b inve mwn benzinga

XPEV - Volkswagen Fortifies Chinese Presence With €2.5B Investment: Report | Benzinga

XPeng Inc. American depositary shares each representing two Class A

Volkswagen AG (OTC:VWAGY) reportedly revealed its intention to allocate €2.5 billion ($2.68 billion) towards expanding its production and innovation center in Hefei, Anhui Province, China.

The investment aims to bolster the company’s presence in the region and will focus on production and innovation.

Preparations are underway for Volkswagen and Chinese partner XPeng Inc (NYSE:XPEV) to commence production of two brand models in 2026, ...

Full story available on Benzinga.com
Stock Information
Company Name: XPeng Inc. American depositary shares each representing two Class A
Stock Symbol: XPEV
Market: NYSE
Website: xiaopeng.com
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