Volkswagen bets on EV developed with Xpeng to regain ground in China

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Volkswagen Group is poised to launch a new electric vehicle (EV) next year that leverages Chinese technology to compete with established domestic players like BYD and Geely in the world’s largest automotive market.The German carmaker, which has seen a decline in market share in mainland China since 2020 amid a rapid adoption of EVs, said on Tuesday that its coming SUV, co-developed with Chinese partner Xpeng, would be its most intelligent model to date.The announcement follows the inclusion of...