Stellantis Talks Equity with Xpeng; Volkswagen Mass-Produces Co-Developed EV
Stellantis has held exploratory talks with Xpeng about investing in its European operations, including potential stakes in Maserati and access to local automaking capacity. Volkswagen has commenced mass production of its first EV model co-developed with Xpeng in China’s largest auto market.
1. Stellantis Explores European Investment with Xpeng
Stellantis executives have conducted several months of discussions with Xpeng to explore equity investment in Stellantis’ European operations, including acquiring stakes in Maserati or other brands and leveraging local manufacturing capacity to stabilize underperforming markets.
2. Volkswagen Begins Mass Production of Joint EV
Volkswagen has initiated mass production of its first electric vehicle model co-designed with Xpeng in China, marking a strategic step to integrate Xpeng’s software and battery technology into VW’s lineup and expand Xpeng’s OEM partnerships.
3. Market and Regulatory Trends
Global electric-vehicle registrations fell 11% in February after China ended EV purchase tax exemptions and reduced subsidies, intensifying competition and cost pressures on Xpeng’s export plans and domestic sales strategy.