German carmakers have come under intense pressure from local competitors in China in recent years, with worldwide sales and profits suffering amid their slump in China.

Volkswagen CEO Oliver Blume told reporters that producing a majority of cars in Germany before exporting them all over the world “doesn’t work anymore.”

  • WanderingThoughtsEnglish
    121·
    17 hours ago

    And Tesla already walked right into that one. They produced their cars in China, starting up an ecosystem for EV parts, and that gave dozens of new Chinese car manufacturers the means to start up to become cheaper and more innovative. Now Tesla’s sales are dropping and dropping there.

    So of course Volkswagen is there to say “we can do that too”.

    • frongt@lemmy.zipEnglish
      1·
      30 minutes ago

      They probably did the math on letting China copy them now or over the course of a few years.