(AOF) – Chinese electric vehicle manufacturer XPeng is expected to rise sharply in pre-market trading on Wall Street after its German competitor Volkswagen announced the development of a new joint platform for entry-level vehicles in China. According to Reuters, the new architecture will be designed specifically to meet the tastes of Chinese consumers when it comes to battery, electric drive and electric motor.
These announcements were made by Ralf Brandstaetter, head of the German group for China, during a visit to its new development and supply center for electric vehicles in the city of Hefei in the east of the country.