Volkswagen finalizes $700 million investment in XPeng Motors
![](https://cdn.statically.io/img/st.arenaev.com/news/23/12/volkswagen-finalizes-usd700-million-investment-in-xpeng-motors/-828x414/arenaev_001.jpg)
XPeng Motors announced the completion of Volkswagen's substantial $700 million investment in the company. That translates into a 4.99% stake in XPeng Motors.
![Volkswagen finalizes $700 million investment in XPeng Motors](https://cdn.statically.io/img/st.arenaev.com/news/23/12/volkswagen-finalizes-usd700-million-investment-in-xpeng-motors/inline/-1200/arenaev_002.jpg)
In addition to the substantial investment, Volkswagen also secured an observer seat on XPeng Motors' board of directors. While this might give them a front-row view of XPeng's operations, it remains unclear how much influence they can exert on the Chinese automaker's decision-making processes.
The collaboration between the two companies extends beyond financial investments, with plans to jointly develop two electric vehicles for China's mid-size car market by 2026. XPeng Motors touts its full-stack self-developed capability, highlighting its role in providing the platform and technology, while Volkswagen handles engineering research, design, and manufacturing.
![Volkswagen finalizes $700 million investment in XPeng Motors](https://cdn.statically.io/img/st.arenaev.com/news/23/12/volkswagen-finalizes-usd700-million-investment-in-xpeng-motors/inline/-1200/arenaev_003.jpg)
Source (Chinese)
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