Volkswagen explores collaboration with Chinese EV startup, Zhejiang Leapmotor Tech, for Jetta brand. VW-FAW joint venture may acquire EV tech platform from Leapmotor. Both companies remain tight-lipped; Reuters couldn t verify. Leapmotor aims to license its new platform to other automakers globally.
Volkswagen s shares rebounded slightly after a previous decline due to reports of a production cut for electric vehicles (EVs) in Germany. The automaker expects EV orders to stabilize in the coming months and is confident in increased capacity utilization with the launch of the ID.7 later this year.