China/Economy/Volkswagen and Porsche see mixed results in China's electric car market

Volkswagen and Porsche see mixed results in China's electric car market

Apr 10, 202615 sources

Technological self-reliance is national strategy China champions Global South development

Summary

Volkswagen is launching a more powerful and cheaper electric SUV specifically for the Chinese market. The company says its 'In China, for China' strategy offers new opportunities for innovation there.

Meanwhile, Porsche sales have fallen sharply, partly because of a slump in the Chinese market and partly because the company is in the process of switching over to new models.

Source Headlines

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