By Finance Pulse in KeyInfo —

Volkswagen Acquires 4.99% Stake in Xpeng for $700 Million

Volkswagen's $700 million investment secures a 4.99% stake in Chinese EV maker Xpeng, marking a strategic partnership in the electric vehicle industry.

A sleek, modern illustration of Volkswagen and Xpeng logos intertwined, set against a backdrop of el
Volkswagen Acquires 4.99% Stake in Xpeng for $700 Million

Volkswagen bought a 4.99% stake in Xpeng for around $700 million in 2023.

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