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electric carsCNBC
•86% Informative
Volkswagen staff spending more time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China .
Volkswagen in July 2023 announced a $700 million investment into Chinese startup to jointly develop two electric cars.
The vehicles will be based on the platform for the G9 , a midsize electric crossover SUV.
Volkswagen has struggled in China as the local market shifts towards battery-only and hybrid powered vehicles.
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