On July 26, 2023, Volkswagen Group and XPENG announced a framework agreement on their strategic technical collaboration. 

The parties will jointly develop two B-class battery electric vehicles models for sale in the Chinese market under the Volkswagen brand. These new China-specific vehicles will supplement the MEB product portfolio and will be rolled out in 2026. 

On March 1, 2021, China’s first local legislation regarding personal bankruptcy, the Personal Bankruptcy Regulations of the Shenzhen Special Economic Zone came into force. The legislative purpose of the Personal Bankruptcy Regulations of the Shenzhen Special Economic Zone is to “reasonably balance the rights and obligations of debtors, creditors and other interested parties, promote the economic regeneration of debtors in good faith, and improve the socialist market economic system”.