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Through the partnership, more than 20,000 charging piles operated by the two companies will cover 420 cities in China for customers of Xpeng and Volkswagen.

Xpeng (NYSE: XPEV) today announced that it and Volkswagen, one of the world's largest automakers, have signed a Memorandum of Understanding ("MOU") to strategically collaborate on a superfast charging network in China.

Under the MOU, Xpeng and Volkswagen Group China will work together to build one of the largest superfast charging networks in China.

Through this strategic partnership, over 20,000 charging piles operated by both companies will cover 420 cities in China for Xpeng and Volkswagen Group China customers.

The partnership will also extend to the possibility of building co-branded superfast charging stations in China in the future to further accelerate the expansion of the charging network and improve operational efficiency.

This strategic partnership is the fourth milestone in the long-term strategic partnership between Xpeng and Volkswagen Group.

Both parties plan to explore further strategic cooperation opportunities to broaden their technological cooperation and strengthen a mutually beneficial and win-win strategic partnership.

Below is its statement, as the CnEVPost article is being updated.

XPENG and Volkswagen Group China to Jointly Build One of the Largest Super-Fast Charging Networks in China

XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle ("Smart EV") company, and the Volkswagen Group China, one of the world's largest automobile manufacturers, are pleased to announce today that both parties have entered into a memorandum of understanding ("MOU") for strategic collaboration on super-fast charging networks in China.

Under the MOU, XPENG and the Volkswagen Group China will jointly build one of the largest super-fast charging networks in China . Through this strategic collaboration, more than 20,000 charging piles operated by both companies, spanning 420 cities in China, will be made available to customers of both XPENG and Volkswagen Group China. Combining the technological advantages in high-power liquid-cooled super-fast charging as well as the broad and complementary coverage of both parties in China, customers of both parties will have the opportunity to enjoy the superior fast charging experience across China.

The collaboration will also extend to future possibility of building co-branded super-fast charging stations in China, to further accelerate the charging network expansion and improve operation efficiency.

This strategic collaboration marks the fourth milestone in the long-term strategic partnership between XPENG and Volkswagen Group. Both parties plan to explore further strategic collaboration opportunities, broadening technology collaborations, and strengthening the win-win strategic partnership.