XPeng, Volkswagen China enter MOU for ‘super-fast’ charging in China

XPeng (XPEV) and the Volkswagen Group China (VWAGY), announced that both parties have entered into a memorandum of understanding for strategic collaboration on “super-fast” charging networks in China. Under the MOU, Xpeng and the Volkswagen Group China will jointly build one of the largest “super-fast” charging networks in China. Through this strategic collaboration, more than 20,000 charging piles operated by both companies, spanning 420 cities in China, will be made available to customers of both Xpeng and Volkswagen Group China. The collaboration will also extend to future possibility of building co-branded “super-fast” charging stations in China.