Report claims VW is in talks with Chinese EV startup Leapmotor to buy a new EV platform for its China-only Jetta brand.
said at the platform's unveiling that the company has achieved cost savings by reducing the use of controls and wire harnesses, with CEO Zhu saying this would cut the materials cost per car by $70 .
Leapmotor is already planning to launch the platform's next generation in 2025, with the new iteration said to bring improvements in computing capabilities and smart cockpits, according to Zhu. Leapmotor is backed by investors including state-owned Shanghai Electric Group Corp and Hongshan, formerly known as Sequoia Capital China. The company sold 44,500 vehicles in the first half of the year, down 14 percent over a year ago.
Rumors about Volkswagen holding talks with Leapmotor come after the German giant last week announced a partnership to develop EVs in China based on XPeng's"Edward" platform on which the EV startup'sIn addition to the XPeng deal, Volkswagen Group subsidiary Audi reached a deal with SAIC Motor to jointly develop EVs in a segment where the German premium brand does not as yet have a presence in China.
Volkswagen and XPeng, as well as Audi and SAIC, also agreed to jointly develop new local platforms for the next generation of intelligent, fully connected vehicles .
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