Volkswagen Group has announced its plans to launch an electric-vehicle (EV) production platform in China, specifically designed to cater to the demands of local consumers. This centralized approach allows for efficient decision-making on product development specifically for the Chinese market, enabling rapid market entry and enhancing cost optimization. BYD capitalized on the escalating demand for EVs in the country, prompting Volkswagen to establish this new production platform. This proactive step by Volkswagen demonstrates its commitment to regaining traction in the Chinese market while embracing the shift towards electric mobility. When will Volkswagen launch its electric-vehicle production platform in China?

Source: Wall Street Journal November 24, 2023 10:38 UTC