Volkswagen Set to Gain Competitive Edge in EV Market by Collaborating with XPeng on New Architecture Development

Quick Summary:

Through a central computer and a zonal structure, the architecture controls all electronics to achieve functionssuch as autonomous driving. By reducing the number of control units, the China Electrical Architecture (CEA) will help Volkswagen achieve a cost reduction target of 40% for its China-developed platform compared to ...

The EV pioneer Tesla Inc (NASDAQ: TSLA) has been leading the market when it comes to architecture that reduces the wiring and components in an electric vehicle to lower the cost of its manufacturing, but with the help of XPeng, Volkswagen will finally be able to compete with Tesla on the cost efficiency front. 

The new architecture will enable Volkswagen to offer more affordable EVs.

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Article Details

Author / Journalist: Upwallstreet

Category: Technology

Markets: United StatesChina

Topics: Tech Automakers Benzinga US88160R1014 News BYDDY General VWAGY TSLA Electric vehicles Contributors XPEV

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 15:37:40 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20714773

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