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Master Agreement on E/E Architecture Technical Collaboration With Volkswagen Group
GUANGZHOU, China, July 22, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (the "Company" or "XPENG") and the Volkswagen Group are pleased to announce today that, further to XPENG's announcement dated April 17, 2024 (the "Announcement") in connection with the framework agreement on technical collaboration with respect to electrical/electronic architecture ("E/E Architecture"), XPENG and the Volkswagen Group have entered into a Master Agreement on E/E Collaboration ("Master Agreement") which solidifies both parties' commitment to jointly develop industry-leading E/E Architecture for all locally produced vehicles based on Volkswagen's China Main Platform (CMP) and Modular Electric Drive Matrix (MEB) platform.
Xpeng (09868.HK) signed a strategic cooperation agreement with Volkswagen Group for the joint development of electronic and electrical architecture technology.
On July 22, Gelunhui reported that xpeng autos-W(09868.HK) and Volkswagen AG jointly announced that xpeng autos and Volkswagen AG have signed an electronics and electrical architecture (“EE Architecture”) technical strategic cooperation framework agreement (“the Announcement”) with an expected date of April 17, 2024. Xpeng autos and Volkswagen AG have signed a Join Development Agreement (“JDA”) for EE Architecture, dedicating to the development of industry-leading electronic and electrical architecture for Volkswagen’s CMP and MEB platforms production in China. The signing of JDA not only marks a significant milestone for xpeng autos' global strategy, but also
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