Volkswagen to Exit China’s Xinjiang Region After 12 Years
3 days ago · Volkswagen responded by setting up a 3,000-engineer complex in central China to develop electric cars. Volkswagen said that through 2040, it would continue its broader cooperation with SAIC in ...
VW buckles after years of pressure to sell up in Xinjiang
3 days ago · SHANGHAI/BERLIN, Nov 27 (Reuters) - Volkswagen (VOWG_p.DE), opens new tab will sell its operations in China's Xinjiang, it said on Wednesday, after years of mounting pressure to abandon its ...
Volkswagen and Chinese partner SAIC to sell ... - Associated Press News
3 days ago · Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040. ... The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential ...
Volkswagen says to sell operations in China's Xinjiang
3 days ago · German car giant Volkswagen said Wednesday it would sell its operations in China's Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.
VW buckles after years of pressure to sell up in Xinjiang
3 days ago · SHANGHAI/BERLIN (Reuters) -Volkswagen will sell its operations in China's Xinjiang, it said on Wednesday, after years of mounting pressure to abandon its presence in a region where rights groups ...
How Volkswagen Lost Its Way in China - The New York Times
Oct 31, 2024 · Volkswagen and a state-owned joint venture partner, SAIC Motor of Shanghai, built an assembly plant in Urumqi in 2013 to make inexpensive, gasoline-powered cars to sell in western China ...
Volkswagen invests $700 million in Chinese EV maker Xpeng to ... - CNN
Jul 27, 2023 · Volkswagen has bought nearly 5% of Chinese electric vehicle maker Xpeng for $700 million and agreed a strategic partnership to develop two new models as it attempts to reverse a decline in sales...
China, price cuts and costs: the fuel driving Volkswagen's crisis
Sep 6, 2024 · While many of Volkswagen's challenges - from a weakening Chinese market to a slower than expected switch to electric vehicles, have plagued it for a while, two recent developments have made...
Volkswagen revamps its approach in China in bid ... - Associated Press News
Apr 24, 2024 · The company is developing a new EV platform, which includes the chassis and battery packs, just for China to try to bring down costs by 40%. That would enable VW to be profitable at current market prices, Brandstätter said, …
Volkswagen and BASF Are Reconsidering Ties to Xinjiang, China
Feb 18, 2024 · Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China and another German industrial giant is starting to sell its stakes there following new...