VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China

19
3
Favorite

VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China

Bloomberg2023-07-26

Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

StreetMoon
·2023-07-26
To the moon
Reply
3
Report
Superdaddy88
·2023-07-26
Last chance to short.
Reply
3
Report
AlanChong
·2023-07-26
Grab more!😆
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1169072813?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-07-26 21:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169072813","market":"us","top_or_hot":-1,"title":"VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China","media":"Bloomberg","content":"<div>\n<p>Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Takes $700 Million Xpeng Stake for EV Pact to Win Back China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-26 21:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XPEV","symbol_name":"小鹏汽车","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google","article_id":"1169072813","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169072813","pubTimestamp":1690376691,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will eventu","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"translate_title":"大众为电动汽车协议赢得7亿美元Xpeng股份，赢回中国","themeId":"3f0205d455d44b1daf1b878ad762039f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09868":1.1,"XPEV":1.1},"content_text":"Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will eventually hold a 4.99% stake in the Chinese company via a capital increase and is getting an observer board seat, it said Wednesday. Its Audi premium brand will deepen ties with VW’s long-term partner SAIC Motor Corp Ltd. to also bolster its EV lineup.VW is trying to turn the tide in China, where Tesla Inc. and local champion BYD Co. have raced ahead because they’re better at churning out EVs with technology and software geared to local tastes. The company’s EV sales in China dipped in the first half in a market that grew 20%.The deals, which bring VW’s count of carmaker partnerships in China to four, mark a turning point for the country’s manufacturers — from learning from foreign partners to helping them with their own technology and designs.VW and Xpeng plan at least two new battery-powered models, with the first due to arrive on the market in 2026, the company said.Audi’s partnership with SAIC will cover premium EVs and start with models in a segment where the brand isn’t yet represented in China.The vehicles “are to be equipped with state-of-the-art software and hardware,” VW said in a statement.Europe’s biggest automaker last month replaced the CEO of Audi partly because it wants to halt the sales slide in the country. The brand has faced delays in developing a new EV platform, hindering its ability to compete.XPeng Inc. surged over 12% in premarket trading.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":202120446710000,"gmtCreate":1690379393925,"gmtModify":1690379399047,"author":{"id":"3581450937859419","authorId":"3581450937859419","name":"StreetMoon","avatar":"https://static.tigerbbs.com/66309fcb0dabf3ca68ead8e251963340","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581450937859419","authorIdStr":"3581450937859419"},"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202120446710000","repostId":1169072813,"repostType":2,"repost":{"id":"1169072813","kind":"news","pubTimestamp":1690376691,"share":"https://ttm.financial/m/news/1169072813?lang=&edition=fundamental","pubTime":"2023-07-26 21:04","market":"us","language":"en","title":"VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China","url":"https://stock-news.laohu8.com/highlight/detail?id=1169072813","media":"Bloomberg","summary":"Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will eventu","content":"<html><head></head><body><p>Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.</p><p style=\"text-align: start;\">VW will eventually hold a 4.99% stake in the Chinese company via a capital increase and is getting an observer board seat, it said Wednesday. Its Audi premium brand will deepen ties with VW’s long-term partner SAIC Motor Corp Ltd. to also bolster its EV lineup.</p><p style=\"text-align: start;\">VW is trying to turn the tide in China, where Tesla Inc. and local champion BYD Co. have raced ahead because they’re better at churning out EVs with technology and software geared to local tastes. The company’s EV sales in China dipped in the first half in a market that grew 20%.</p><p>The deals, which bring VW’s count of carmaker partnerships in China to four, mark a turning point for the country’s manufacturers — from learning from foreign partners to helping them with their own technology and designs.</p><p>VW and Xpeng plan at least two new battery-powered models, with the first due to arrive on the market in 2026, the company said.</p><p>Audi’s partnership with SAIC will cover premium EVs and start with models in a segment where the brand isn’t yet represented in China.</p><p style=\"text-align: start;\">The vehicles “are to be equipped with state-of-the-art software and hardware,” VW said in a statement.</p><p style=\"text-align: start;\">Europe’s biggest automaker last month replaced the CEO of Audi partly because it wants to halt the sales slide in the country. The brand has faced delays in developing a new EV platform, hindering its ability to compete.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a> surged over 12% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84ff9fdfe81b60ea4b9da00856d43909\" tg-width=\"631\" tg-height=\"603\"/></p><p></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Takes $700 Million Xpeng Stake for EV Pact to Win Back China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-26 21:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"source_url":"https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169072813","content_text":"Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will eventually hold a 4.99% stake in the Chinese company via a capital increase and is getting an observer board seat, it said Wednesday. Its Audi premium brand will deepen ties with VW’s long-term partner SAIC Motor Corp Ltd. to also bolster its EV lineup.VW is trying to turn the tide in China, where Tesla Inc. and local champion BYD Co. have raced ahead because they’re better at churning out EVs with technology and software geared to local tastes. The company’s EV sales in China dipped in the first half in a market that grew 20%.The deals, which bring VW’s count of carmaker partnerships in China to four, mark a turning point for the country’s manufacturers — from learning from foreign partners to helping them with their own technology and designs.VW and Xpeng plan at least two new battery-powered models, with the first due to arrive on the market in 2026, the company said.Audi’s partnership with SAIC will cover premium EVs and start with models in a segment where the brand isn’t yet represented in China.The vehicles “are to be equipped with state-of-the-art software and hardware,” VW said in a statement.Europe’s biggest automaker last month replaced the CEO of Audi partly because it wants to halt the sales slide in the country. The brand has faced delays in developing a new EV platform, hindering its ability to compete.XPeng Inc. surged over 12% in premarket trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":202117325406208,"gmtCreate":1690378657518,"gmtModify":1690378660778,"author":{"id":"3555116903223574","authorId":"3555116903223574","name":"Superdaddy88","avatar":"https://static.tigerbbs.com/c4069bf67e51505aa83ef3020756113f","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3555116903223574","authorIdStr":"3555116903223574"},"htmlText":"Last chance to short.&nbsp;","listText":"Last chance to short.&nbsp;","text":"Last chance to short.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202117325406208","repostId":1169072813,"repostType":2,"repost":{"id":"1169072813","kind":"news","pubTimestamp":1690376691,"share":"https://ttm.financial/m/news/1169072813?lang=&edition=fundamental","pubTime":"2023-07-26 21:04","market":"us","language":"en","title":"VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China","url":"https://stock-news.laohu8.com/highlight/detail?id=1169072813","media":"Bloomberg","summary":"Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will eventu","content":"<html><head></head><body><p>Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.</p><p style=\"text-align: start;\">VW will eventually hold a 4.99% stake in the Chinese company via a capital increase and is getting an observer board seat, it said Wednesday. Its Audi premium brand will deepen ties with VW’s long-term partner SAIC Motor Corp Ltd. to also bolster its EV lineup.</p><p style=\"text-align: start;\">VW is trying to turn the tide in China, where Tesla Inc. and local champion BYD Co. have raced ahead because they’re better at churning out EVs with technology and software geared to local tastes. The company’s EV sales in China dipped in the first half in a market that grew 20%.</p><p>The deals, which bring VW’s count of carmaker partnerships in China to four, mark a turning point for the country’s manufacturers — from learning from foreign partners to helping them with their own technology and designs.</p><p>VW and Xpeng plan at least two new battery-powered models, with the first due to arrive on the market in 2026, the company said.</p><p>Audi’s partnership with SAIC will cover premium EVs and start with models in a segment where the brand isn’t yet represented in China.</p><p style=\"text-align: start;\">The vehicles “are to be equipped with state-of-the-art software and hardware,” VW said in a statement.</p><p style=\"text-align: start;\">Europe’s biggest automaker last month replaced the CEO of Audi partly because it wants to halt the sales slide in the country. The brand has faced delays in developing a new EV platform, hindering its ability to compete.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a> surged over 12% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84ff9fdfe81b60ea4b9da00856d43909\" tg-width=\"631\" tg-height=\"603\"/></p><p></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Takes $700 Million Xpeng Stake for EV Pact to Win Back China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-26 21:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"source_url":"https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169072813","content_text":"Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will eventually hold a 4.99% stake in the Chinese company via a capital increase and is getting an observer board seat, it said Wednesday. Its Audi premium brand will deepen ties with VW’s long-term partner SAIC Motor Corp Ltd. to also bolster its EV lineup.VW is trying to turn the tide in China, where Tesla Inc. and local champion BYD Co. have raced ahead because they’re better at churning out EVs with technology and software geared to local tastes. The company’s EV sales in China dipped in the first half in a market that grew 20%.The deals, which bring VW’s count of carmaker partnerships in China to four, mark a turning point for the country’s manufacturers — from learning from foreign partners to helping them with their own technology and designs.VW and Xpeng plan at least two new battery-powered models, with the first due to arrive on the market in 2026, the company said.Audi’s partnership with SAIC will cover premium EVs and start with models in a segment where the brand isn’t yet represented in China.The vehicles “are to be equipped with state-of-the-art software and hardware,” VW said in a statement.Europe’s biggest automaker last month replaced the CEO of Audi partly because it wants to halt the sales slide in the country. The brand has faced delays in developing a new EV platform, hindering its ability to compete.XPeng Inc. surged over 12% in premarket trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":202114114121856,"gmtCreate":1690377792717,"gmtModify":1690377796218,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":0,"idStr":"4125148185432112","authorIdStr":"4125148185432112"},"htmlText":"Grab more!😆","listText":"Grab more!😆","text":"Grab more!😆","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202114114121856","repostId":1169072813,"repostType":4,"repost":{"id":"1169072813","kind":"news","pubTimestamp":1690376691,"share":"https://ttm.financial/m/news/1169072813?lang=&edition=fundamental","pubTime":"2023-07-26 21:04","market":"us","language":"en","title":"VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China","url":"https://stock-news.laohu8.com/highlight/detail?id=1169072813","media":"Bloomberg","summary":"Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will eventu","content":"<html><head></head><body><p>Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.</p><p style=\"text-align: start;\">VW will eventually hold a 4.99% stake in the Chinese company via a capital increase and is getting an observer board seat, it said Wednesday. Its Audi premium brand will deepen ties with VW’s long-term partner SAIC Motor Corp Ltd. to also bolster its EV lineup.</p><p style=\"text-align: start;\">VW is trying to turn the tide in China, where Tesla Inc. and local champion BYD Co. have raced ahead because they’re better at churning out EVs with technology and software geared to local tastes. The company’s EV sales in China dipped in the first half in a market that grew 20%.</p><p>The deals, which bring VW’s count of carmaker partnerships in China to four, mark a turning point for the country’s manufacturers — from learning from foreign partners to helping them with their own technology and designs.</p><p>VW and Xpeng plan at least two new battery-powered models, with the first due to arrive on the market in 2026, the company said.</p><p>Audi’s partnership with SAIC will cover premium EVs and start with models in a segment where the brand isn’t yet represented in China.</p><p style=\"text-align: start;\">The vehicles “are to be equipped with state-of-the-art software and hardware,” VW said in a statement.</p><p style=\"text-align: start;\">Europe’s biggest automaker last month replaced the CEO of Audi partly because it wants to halt the sales slide in the country. The brand has faced delays in developing a new EV platform, hindering its ability to compete.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a> surged over 12% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84ff9fdfe81b60ea4b9da00856d43909\" tg-width=\"631\" tg-height=\"603\"/></p><p></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Takes $700 Million Xpeng Stake for EV Pact to Win Back China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Takes $700 Million Xpeng Stake for EV Pact to Win Back China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-26 21:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"source_url":"https://www.bloomberg.com/news/articles/2023-07-26/vw-takes-700-million-xpeng-stake-for-ev-pact-to-win-back-china?utm_source=google&utm_medium=bd&cmpId=google","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169072813","content_text":"Volkswagen AG plans to invest $700 million in Xpeng Inc. and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market.VW will eventually hold a 4.99% stake in the Chinese company via a capital increase and is getting an observer board seat, it said Wednesday. Its Audi premium brand will deepen ties with VW’s long-term partner SAIC Motor Corp Ltd. to also bolster its EV lineup.VW is trying to turn the tide in China, where Tesla Inc. and local champion BYD Co. have raced ahead because they’re better at churning out EVs with technology and software geared to local tastes. The company’s EV sales in China dipped in the first half in a market that grew 20%.The deals, which bring VW’s count of carmaker partnerships in China to four, mark a turning point for the country’s manufacturers — from learning from foreign partners to helping them with their own technology and designs.VW and Xpeng plan at least two new battery-powered models, with the first due to arrive on the market in 2026, the company said.Audi’s partnership with SAIC will cover premium EVs and start with models in a segment where the brand isn’t yet represented in China.The vehicles “are to be equipped with state-of-the-art software and hardware,” VW said in a statement.Europe’s biggest automaker last month replaced the CEO of Audi partly because it wants to halt the sales slide in the country. The brand has faced delays in developing a new EV platform, hindering its ability to compete.XPeng Inc. surged over 12% in premarket trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":19,"commentSize":3,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}