On the morning of the 29th, Xiaopeng Motors announced on the Hong Kong Stock Exchange that the company has signed a platform and software strategic technology cooperation joint development agreement with Volkswagen Group and entered into a joint procurement plan. 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 reduce platform costs, fully leverage the synergies of strategic cooperation, and enhance the product strength of the B-class pure electric vehicle jointly developed by both parties.