German car giant VW revamps China approach to tackle competitors
As German auto giant Volkswagen AG (VW) builds up the race to catch up with upstart Chinese rivals, it has drivers like 26-year-old Ren Yiling in...
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As German auto giant Volkswagen AG (VW) builds up the race to catch up with upstart Chinese rivals, it has drivers like 26-year-old Ren Yiling in...
Foreign automakers have been caught flat-footed in China by an EV boom that has shaken up the market.
Foreign capital and international financial institutions are expanding their investment in the Chinese market following the release of better-than-expected first-quarter economic data and high-level opening-up in the financial sector. Industry analysts said that the long-term investment value of yuan-denominated assets will be more outstanding, as the continuous economic rebound and stepped-up policies will provide a stable environment for overseas investment.
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The company teased the VW ID.Unyx which will arrive later in 2024 as a twin model to the Cupra Tavascan for China