VW Group announced Wednesday a pair of deals with Chinese automakers aimed at shoring up sales in China. The German automaker said it will invest $700 million into Chinese automaker XPeng as part of a deal to jointly develop and produce two mid-sized EVs for China. Volkswagen will acquire a 4.99% stake in XPeng, under … Continue reading Volkswagen takes 5% stake in XPeng as part of Chinese EV deal