German automotive manufacturer Volkswagen has announced a strategic shift to leverage its Chinese operations for international expansion. The company intends to export a minimum of 300,000 vehicles produced in China annually by 2030. Beyond physical car sales, the group plans to export proprietary technologies developed at its research and development hub in Hefei. These innovations, including electronic architectures created in collaboration with the Chinese firm Xpeng, are slated for distribution across markets in South America, the Middle East, and other parts of Asia, excluding Europe for the time being. This initiative comes as the automaker faces significant challenges, including intense local competition, sluggish demand in major markets, and difficulties transitioning to electric vehicle production, which have necessitated widespread workforce reductions.
Source : Malay Mail
Photo : Malay Mail
Aussi couvert par : Free Malaysia Today
