XPeng (NYSE:XPEV) and Volkswagen (OTC:VWAGY) announced on Friday that they have deepened their partnership by expanding their E/E Architecture collaboration beyond electric vehicles to internal combustion engine (ICE) and plug-in hybrid (PHEV) platforms in China.
The move builds on their July 2024 master agreement and aims to accelerate Volkswagen's software-defined vehicle strategy, enabling faster software iterations, over-the-air updates, and shorter development cycles.
