Volkswagen Opens Presales for Second Xpeng Joint EV Model in China

Key Facts

1Volkswagen launched presales for its second electric vehicle model jointly developed with Xpeng in China.

In a move reflecting its commitment to the Chinese electric vehicle sector, Volkswagen has officially opened presales for its second EV model jointly developed with Xpeng. This launch is a core component of Volkswagen's broader strategy to expand its electric lineup in China and regain market share from aggressive local competitors. According to reports, this vehicle marks the second product to emerge from the strategic partnership between the German automaker and the Chinese EV manufacturer.

The collaboration aims to leverage Xpeng's technological capabilities to accelerate Volkswagen's product cycle in the world's largest auto market. Per market data, Volkswagen shares (VWAGY) closed at $8.25 on September 23, 2026, having traded between a daily high of $8.39 and a low of $8.25 during that session.

Investors are closely watching the execution of this partnership as a catalyst for regional growth, with VWAGY priced at $8.25 (close September 23, 2026). On the macroeconomic front, recent data showed China's year-to-date Foreign Direct Investment fell by 5.3% as of September 18, 2026, while the 1-year Loan Prime Rate remained steady at 3% on September 20, 2026.