XPEV - Volkswagen's Audi Partners With SAIC For New EV Platform In China | Benzinga
Volkswagen AG’s (OTC:VWAGY) luxury vehicle subsidiary, Audi said it is planning to develop new models built on a China-specific platform named “Advanced Digitized Platform” for the next generations of premium intelligent, connected vehicles (ICV) along with SAIC.
The cooperation will further expand Audi’s BEV portfolio in China and accelerate Audi’s transformation in the biggest market in the world.
The first three BEV models will cover the B and C segments and will help Audi to reduce time-to-market by more than 30% with the first model to enter the market in 2025.
The move marks further cooperation between Audi and SAIC, which began with Volkswagen’s announcement in July of a $700 million investment in Xpeng Inc (NYSE: