Securities Times e-Company News: Xiaopeng Motors and Volkswagen Group jointly announced that, following Xiaopeng Motors' announcement on July 26, 2023 and December 6, 2023, regarding Volkswagen's acquisition of 4.99% of Xiaopeng Motors shares and the signing of a strategic technology cooperation framework agreement, Xiaopeng Motors and Volkswagen Group have signed a platform and software strategic technology cooperation joint development agreement (hereinafter referred to as the "Joint Development Agreement"), This marks a milestone in significant progress in the strategic cooperation between the two sides. The signing of the joint development agreement will not only accelerate the joint research and development of two B-class pure electric vehicles, but also lay a solid foundation for broader and deeper strategic cooperation between the two sides. As an important component of the joint development agreement, Xiaopeng Motors and Volkswagen have also entered into a joint procurement plan for shared components of their respective vehicle models and platforms. By integrating the scale advantages of both parties and relying on Volkswagen Group's world-class supply chain capabilities, the joint procurement plan aims to jointly reduce platform costs, fully leverage the synergistic effect of strategic cooperation, and enhance the product strength of the B-class pure electric vehicle jointly developed by both parties.