Global Automakers Seek Electric Vehicle Insights from China
【Summary】Volkswagen is turning to China's electric vehicle industry to learn how to accelerate manufacturing and compete with local rivals. As China's auto market shifts to electric vehicles, Volkswagen aims to keep its position as the top manufacturer by understanding how Chinese companies can produce affordable and technologically advanced electric cars in less time.
Volkswagen engineers in one of China's electric-vehicle hubs are seeking inspiration from the country's automotive industry to accelerate manufacturing processes and outpace local competitors in the world's largest auto market.
As China's market increasingly shifts towards electric vehicles, the German automaker, which has traditionally been the top manufacturer in a market dominated by gasoline-powered vehicles, has been losing market share. Now, Volkswagen is determined to find a way to compete with emerging Chinese manufacturers that can quickly produce high-quality, affordable, and technologically advanced electric cars in significantly less time.
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