Global Automakers Seek Electric Vehicle Insights from China
【Summary】Volkswagen is turning to China's electric vehicle industry to learn how to speed up manufacturing and compete with local rivals. The German automaker, which has been losing market share in China's growing electric car market, is trying to catch up to Chinese manufacturers that can produce affordable and digital electric cars in less time.
Volkswagen engineers in one of China's electric-vehicle hubs are seeking inspiration from the country's automotive industry on how to accelerate manufacturing and outperform local competitors in the world's largest auto market.
While Volkswagen has traditionally been the top manufacturer in a market primarily driven by gasoline-powered vehicles, it has been losing market share as China's market transitions to electric vehicles. The company is now grappling with the challenge of competing with emerging Chinese manufacturers who are able to swiftly produce high-quality, affordable, and technologically advanced electric cars in significantly less time.
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