The company kickstarted development of China Electronic Architecture (CEA), a joint project of Volkswagen China Technology Company, Volkswagen's software unit CARIAD and XPENG. The CEA will develop a highly modern and cost-efficient electrical architecture that will be used in their vehicles from 2026.

Volkswagen CFO Arno Antlitz said the carmaker wouldn't invest in unproductive factories, paving way for new battle with workers.

Volkswagen's unit sales fell 2.3% in 2024 to just over 9 million vehicles, the German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market.

VW delivered fewer cars in 2024 as it continued to be hit by rivals cutting prices to win customers in China, its largest market.

HEFEI -- Volkswagen Group delivered over 2.9 million vehicles in the Chinese market in 2024 while its global vehicle deliveries surpassed 9 million last year, according to the German automaker. In the same year, the company sold more than 200,000 new energy vehicles in China, among which the sales of ID. models increased by 17 percent year-on-year.

It was just past 11 on a freezing December morning on the outskirts of Brussels, but already workers at the city's Audi factory were cracking open frosty cans of beer. They had just finished a long night shift - not on one of the production lines at a plant that has produced 8 million cars since 1949,

XPeng and Volkswagen will work together to build a network of more than 20,000 charging units to be installed in 420 cities.

Sales of all types of electric vehicles rose more than 40% in China last year while those of gasoline-powered automobiles plunged.

Volkswagen AG’s deliveries declined last year as weak electric-vehicle demand and intense competition in the key Chinese market dragged on sales.

Bad news keeps coming for foreign automakers in the world's biggest car market as two German marques reported big declines in deliveries in China.

The Volkswagen brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe's top carmaker said on Thursday.

Volkswagen Group China and XPeng have signed a memorandum of understanding (MoU) to establish one of China's “largest super-fast” charging networks. This collaboration will leverage the technological expertise of both companies to provide an extensive charging infrastructure for electric vehicles (EVs) across China.