In a significant move, Chinese electric vehicle (EV) maker Xpeng Inc (NYSE:XPEV) and German auto giant Volkswagen AG (OTC:VWAGY) have announced a partnership to expedite the development of a new EV architecture. What Happened: As per a Reuters report on Thursday, Xpeng and Volkswagen have set up project houses in Guangzhou and Hefei, China. These will serve as joint workspaces for engineers from both companies to fast-track the creation of a new EV architecture. The collaboration aims to start production of the new architecture, a layout of electronic components, modules, and network within a …