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Volkswagen invested 700 million USD in Xpeng and obtained 4.99% equity
https://carnewschina.com/2023/07/26/volkswagen-invested-700-million-usd-in-xpeng-and-obtained-4-99-equity/
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After the completion of this investment, Volkswagen will hold 4.99% equity in Xpeng and join the board of directors.
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