picryl
The car manufacturer has started sending vehicles from China to nations in the Middle East and Southeast Asia. Blume mentioned that it also intends to provide newly manufactured models made in China to nations in Africa and South America.
He pointed out that technologies and products created in China are opening up new export possibilities for the company, allowing it to reach regions that were previously inaccessible from Europe. "This represents a new strategic advantage for the Volkswagen Group," he added.
Volkswagen is restructuring its business activities in China to enhance its ability to compete with domestic companies, which are currently leading in the production of electric vehicles. The German company has managed to lower its production costs by moving certain research and development activities to China and collaborating with China's Xpeng Inc. on software development.
Volkswagen intends to launch 20 new electric and hybrid vehicles in China this year, aiming to boost sales that have been decreasing in the country.
source: bloomberg.com
He pointed out that technologies and products created in China are opening up new export possibilities for the company, allowing it to reach regions that were previously inaccessible from Europe. "This represents a new strategic advantage for the Volkswagen Group," he added.
Volkswagen is restructuring its business activities in China to enhance its ability to compete with domestic companies, which are currently leading in the production of electric vehicles. The German company has managed to lower its production costs by moving certain research and development activities to China and collaborating with China's Xpeng Inc. on software development.
Volkswagen intends to launch 20 new electric and hybrid vehicles in China this year, aiming to boost sales that have been decreasing in the country.
source: bloomberg.com
