Volkswagen exports China tech globally
Volkswagen plans to export China developed technologies to markets like South America and South Africa. The automaker aims to boost global competitiveness by using China as an innovation hub amid domestic sales challenges.
Xurve View
Insights:
Xurve View
VOLKSWAGEN AG is exporting China-developed vehicle platforms to South America and South Africa, pivoting from a local-only strategy. The German automaker aims to leverage its R&D hub in Hefei, China to cut costs and boost global competitiveness. This global push follows plunging domestic market share and slower sales of models built with local partners like XPENG INC - ADR and HORIZON ROBOTICS INC according to people familiar with the matter.
