Volkswagen Boosts China EV Push with Xpeng Stake

Volkswagen Boosts China EV Push with Xpeng Stake

Volkswagen is investing $700 million in XPeng, acquiring a 4.99% stake. The two companies will jointly develop two mid-size electric vehicles, utilizing XPeng's smart technology. Simultaneously, Audi will expand its partnership with SAIC Motor to co-develop a luxury electric vehicle platform. This move aims to address the intense competition in the Chinese electric vehicle market, accelerate Volkswagen's electrification transformation, and enhance its technological capabilities. The collaboration signifies Volkswagen's commitment to strengthening its position in the rapidly evolving EV landscape in China.

02/05/2026 Logistics Industry Insights
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Amsterdam Hosts Europes Premier EV Summit

Amsterdam Hosts Europes Premier EV Summit

The 2023 Electric Vehicles & Energy Storage Exhibition in Amsterdam, Netherlands, is one of Europe's largest industry events, bringing together global companies to showcase the latest technologies and products across the entire electric vehicle industry chain. With a focus on charging infrastructure and power battery technology, the exhibition points the way for industry development, helps companies expand into overseas markets, and jointly envisions the future of electric mobility. It provides a platform for networking, knowledge sharing, and exploring business opportunities in the rapidly evolving EV and energy storage sectors.

02/03/2026 Logistics
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Four Departments Jointly Issue Notice to Accelerate Implementation of Old Freight Truck Scrapping and Replacement Policy

Four Departments Jointly Issue Notice to Accelerate Implementation of Old Freight Truck Scrapping and Replacement Policy

The Ministry of Transport, Ministry of Public Security, Ministry of Finance, and Ministry of Commerce jointly issued a notice to support the scrapping and updating of old operating trucks. The new policy divides the funding burden by regions: East, Central, and West, aiming to promote green development and high-quality transformation in the transportation sector.

08/29/2024 Logistics
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Shenzhen Leads the World: The City with the Highest Quantity of Pure Electric Logistics Vehicles

Shenzhen Leads the World: The City with the Highest Quantity of Pure Electric Logistics Vehicles

Shenzhen is a global leader in promoting pure electric logistics vehicles, aiming to achieve a 50% usage rate by 2020. The first China New Energy Vehicle (Logistics Vehicle) Challenge is set to take place on December 20, attracting numerous automakers and logistics giants. Shenzhen's initiatives target the promotion of 9,203 pure electric logistics vehicles, contributing to the establishment of a green urban delivery system.

07/18/2025 Logistics
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