VW and Stellantis Show the Script Has Flipped With China’s Carmakers
Western automakers are paying up for minority stakes in Chinese EV companies to gain access to their technology.
An XPeng G9 electric vehicle at the Shanghai Auto Show in April.
Photographer: Qilai Shen/BloombergThanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.
Two recent deals between legacy auto giants and Chinese electric vehicle upstarts have upended the traditional flow of technology and know-how from west to east.