Xpeng continues internationalisation blitz
The Chinese firm has been expanding its global reach exponentially this year
Volkswagen (VW) brings together a number of heritage auto brands including Audi, Bentley, Lamborghini, Seat, Skoda and Volkswagen. VW produces using multiple cross-brand platforms, creating scale benefits and efficiency. https://www.volkswagen-group.com/
Chinese firms have long enjoyed lower operating costs compared to Western rivals
VW leads OEMs hoping to wow with launches in Beijing this week
The long-time European all-electric national leader has lost its crown for now
Group will continue to invest in Chinese BEVs as it looks to keep momentum up
Firms agree on technical collaboration and to work jointly on components sourcing in China
The race is on to come up with breakthroughs that will make batteries more efficient, safer and, crucially, cheaper
The French firm’s first mover advantage on small BEVs is attracting rivals’ attention
Thomas Ulbrich appointed to head up the firm's innovation hub in eastern China
A radically changing market has the German OEM excited it can grow its slice of the pie
But Audi lags behind with only a 50pc year-on-year increase in BEV sales
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