...Source: [ Ссылка ] Transcript: According to China EV Post, SAIC Motor Corp and Audi have signed a cooperation agreement to jointly develop high-end smart Electric Vehicles. The first model is expected to go on sale in 2025. The agreement follows a strategic memorandum signed last July.

The two companies will develop a range of EV models and the Advanced Digitized Platform. The new models will feature top-tier hardware, software, and electric performance. Audi brings premium vehicle development expertise, while SAIC contributes smart electric innovations.

In related news, Volkswagen has invested $700 million in Xpeng, acquiring about 4.99% equity. They plan to co-develop two mid-size EV models for China, aiming for a 2026 market release.

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