Xpeng to offer tech solutions to foreign automakers
Chinese electric vehicle maker Xpeng plans to license its proprietary software and hardware to foreign automakers and partners. The expansion builds on its existing alliance with Volkswagen to drive higher-margin services revenue.
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XPENG INC - ADR plans to license its proprietary vehicle technology to foreign automakers for an undisclosed sum, opening a new revenue stream beyond its existing partnership with VOLKSWAGEN AG, two people familiar with the matter said on Wednesday morning.
