Volkswagen Targets China With Entry-Level Electric Vehicle Platform - Volkswagen (OTC:VWAGY)
The company aims to have the platform market-ready by 2026, a development timeline that is a third faster than previous platforms.
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The company aims to have the platform market-ready by 2026, a development timeline that is a third faster than previous platforms.
Entry-level cars will ride on MEB-derived A Main Platform ready by 2026, reports says
VW EV: Derived from the so-called modular electric drive matrix (MEB), Volkswagen's existing electric-only platform in use since 2019, it will primarily use Chinese suppliers and should be ready for market in 2026, a third faster than previous platform development times, he added.
XPeng Inc. (NYSE: XPEV) shares are trading higher Friday after Volkswagen said it will develop a platform for affordable EVs in China.
Volkswagen has outlined a plan to strengthen its position in China with an all-new platform for affordable electric cars, based on local components.