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Hugely popular in Europe and parts of Africa, the Polo is now half a century old.
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China’s Light Vehicle (LV) market totalled 1.7 million units in May.
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The ID. Cross will be offered in three power outputs – 85kW, 99kW and 155kW – combined with a choice of two battery sizes, 37kWh and 52kWh net.
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Several media reports estimates have put the value of the transaction at around $325m for SoftBank's 9.9% holding.
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The Ascent range accounts for the largest share, with 384,407 vehicles from the 2019 to 2026 model years potentially affected.
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Shipments were slightly lower year-to-date, with production impacted by parts shortages in previous months.
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Growth driven by a strong rebound in light/medium CV sales and strong BEV demand.
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The agreement covers Range Rover, Defender, Discovery and Jaguar customers, who will be able to locate and pay for charging through the InControl Remote app or future JLR apps.
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Xpeng boasts of the new model's AI-based technological underpinnings.
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Collaboration marks another step in the industry’s steady shift from hardware-led differentiation to software- and services-led competition.
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