Volkswagen CFO Arno Antlitz said the carmaker wouldn't invest in unproductive factories, paving way for new battle with workers.
Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites , a person with knowledge of Chinese government thinking told Reuters.
The company kickstarted development of China Electronic Architecture (CEA), a joint project of Volkswagen China Technology Company, Volkswagen's software unit CARIAD and XPENG. The CEA will develop a highly modern and cost-efficient electrical architecture that will be used in their vehicles from 2026.
Volkswagen Car Deliveries Fall
Volkswagen Group achieved 9.03 million vehicles delivered worldwide in 2024, down 2.3 percent on the previous year (9.24 million vehicles). Lower sales in China last year dragged Volkswagen Group ...
Bad news keeps coming for foreign automakers in the world's biggest car market as two German marques reported big declines in deliveries in China.
Sales of all types of electric vehicles rose more than 40% in China last year while those of gasoline-powered automobiles plunged.
XPeng and Volkswagen will work together to build a network of more than 20,000 charging units to be installed in 420 cities.
Chinese new energy vehicle (NEV) manufacturer Li Auto on Friday inaugurated its first overseas research and development (R&D) center in Munich, Germany, in a milestone move signaling deepening ties between China and Germany in the burgeoning NEV sector.
Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany's ailing economy at a campaign event in the historic home base of the crisis-hit auto titan Volkswagen.
Separate sources indicated that Chinese investors have also considered plants in Western Europe, including Ford's facility in Saarlouis, Germany, and Volkswagen's Audi plant in Brussels. "Chinese firms eye VW’s struggling German plants – report" was originally created and published by Just Auto, a GlobalData owned brand.
In an open letter to EU leaders, the European Automobile Manufacturers' Association (ACEA) has highlighted why Europe should strive to maintain good trade relations with both the US and China. View on