🚗
🚗 Cars
Volkswagen cuts production as China sales plunge amid EV competition
Volkswagen is cutting production as its sales in China plunge, unable to compete with fast-growing Chinese automakers offering more affordable and technologically advanced electric vehicles. China is the world's largest car market, and VW's declining share there has major implications for the German automaker's global finances. The company is seeking ways to regain ground but faces an increasingly difficult battle against local brands.
Comments
No comments yet
Comments
No comments yet — be the first to weigh in 👇
No comments yet. Be the first!