LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Volkswagen exploring another EV partnership in China, this time for Jetta

Robert Frost by Robert Frost
August 2, 2023
in Industries
Volkswagen exploring another EV partnership in China, this time for Jetta
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Volkswagen looks to be forming a new EV partnership in China, separate from its collaboration with XPeng Motors. According to a new report, Volkswagen is negotiating with Hangzhou-based EV startup Leapmotor to outsource its technology for its Jetta brand.

The media report from Cailian claims Volkswagen’s Jetta brand is holding talks with Leapmotor to use its technology with a focus on “economical electric cars,” citing sources.

You might also like

Tesla Autopilot less safe, Optimus freezes, electric Mustang goes 250,000 miles

91% of renewables are cheaper than fossil fuels, but Trump just defunded a vital US grid upgrade

Elon Musk with a straight face: Tesla Robotaxi will cover half of US population by end of the year

A person familiar with the matter told reporters that FAW (Volkswagen’s JV partner) has issued an internal document saying, “After Xaiopeng, Volkswagen’s Jetta brand is negotiating cooperation with Leapmotor.”

However, if a deal is reached, it’s expected to differ from the collaboration with XPeng Motors (Xaipeng).

VW will utilize XPeng’s Edward platform, used in the G9 and P7 models, to launch two new electric models. The automaker invested $700 million for a nearly 5% stake in the Chinese EV maker.

Audi and Chinese state-owned manufacturer SAIC also confirmed a partnership a week before to speed up EV development in the region.

Volkswagen-EV-partnership-China
Source: Volkswagen Group

Volkswagen negotiating another EV partnership in China

Volkswagen’s new EV partnership is expected to be similar to the Audi-SAIC collaboration rather than the XPeng deal. According to the report, “This time FAW-Volkswagen is very likely to ‘buy out’ a certain generation of zero running platform technology.”

Jetta was once a popular Volkswagen brand, but the automaker broke it off in 2019, classifying it as a sub-brand.

VW-EV-partnership-China
SAIC-VW ID.3 electric car in China (Source: SAIC-VW)

Since then, Jetta has struggled to gain traction as the market moves to EVs. According to the report, Jetta’s sales fell by 13.48% to 146,900 units last year.

Industry insiders said the next three years will be critical for automotive intelligence development. The report notes German cars have the advantage in hardware but are lacking in the software department.

Volkswagen-EV-partnership-China
SAIC-VW ID.3 electric car in China (Source: SAIC-VW)

In the new EV era, customers are gravitating toward software-defined intelligent vehicles rather than basing their purchases strictly on looks. The industry insiders claimed:

If the cooperation with Leapmotor comes true, Volkswagen will fully rely on the technical strength of Chinese car companies to make up for its shortcomings in the field of intelligent driving.

They continued, “Volkswagen urgently needs the new energy vehicle technology of Chinese car companies to reverse disadvantages of the market.”

Several Jetta and Leapmotor models, such as the VS5 and VS7, are in the same price range, making the collaboration more accessible.

Leapmotor revealed a new EV platform this week as CEO Zhu Jiangming said the company was nearing deals with two foreign automakers to license its technology.

Electrek’s Take

Volkswagen has lost ground in China, a market it once dominated. The German automaker was surpassed by China’s largest EV maker BYD in passenger car sales in the first three months of the year, extending its lead through July.

As the report notes, Volkswagen is not only lagging behind rivals like BYD and Tesla, but up-and-coming EV makers like NIO, XPeng, and Li Auto are also gaining market share, in many cases, in the same segments as VW.

If the deal with Leapmotor goes through, Volkswagen will rely heavily on Chinese tech to carry sales in its most important market.

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Multiverse moves London HQ to WeWork 2 Eastbourne Terrace

Next Post

Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Tesla Autopilot less safe, Optimus freezes, electric Mustang goes 250,000 miles
Industries

Tesla Autopilot less safe, Optimus freezes, electric Mustang goes 250,000 miles

July 24, 2025
91% of renewables are cheaper than fossil fuels, but Trump just defunded a vital US grid upgrade
Industries

91% of renewables are cheaper than fossil fuels, but Trump just defunded a vital US grid upgrade

July 23, 2025
Elon Musk with a straight face: Tesla Robotaxi will cover half of US population by end of the year
Industries

Elon Musk with a straight face: Tesla Robotaxi will cover half of US population by end of the year

July 23, 2025
Tesla claims it produced the first builds of its ‘new affordable’ electric car models
Industries

Tesla claims it produced the first builds of its ‘new affordable’ electric car models

July 23, 2025
Next Post
Ukrainian government reports M tax loss from unregulated crypto exchanges since 2013

Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013

Related News

Tesla quietly gives up on Cybertruck’s no-resale clause

Tesla quietly gives up on Cybertruck’s no-resale clause

August 22, 2024
XRP news update: Uptick in whale volumes could catalyze rally to

XRP news update: Uptick in whale volumes could catalyze rally to $4

July 15, 2025
Bitcoin, Ethereum to end Q1 in the red, ‘vertical swing up’ unlikely

Bitcoin, Ethereum to end Q1 in the red, ‘vertical swing up’ unlikely

March 26, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?