China EVs & More Episode 126 - VW's Blockbuster Investment, Indian govt says 'Not Interested' to BYD
Tu and Lei take the bulk of the pod talking about Volkswagen Group's investment in XPeng. They go over the why's, how's and what's and whether it ultimately makes sense for Volkswagen and what it should say about their situation in China. Lei believes it will go down in Chinese Automotive history as one of the most notable ever.
They also give a brief history on XPeng and how they got to where they are including a brief discussion about their newest product, the G6 which XPeng hopes will pull it back into high sales growth.
The pod ends with Tu asking for Lei's reaction on BYD getting the Heisman from the Indian govt about a $1B investment to build a factory in India. It seems to be BYD's first real hiccup over the last several months.
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