VW has said it is reviewing “the future direction of business" in Xinjiang, where a test track was constructed for the German carmaker, allegedly using forced labour
The deal is win for Xpeng, one of the smaller players in China's EV sector, that is less than a decade old
The Shenzhen outfit's hybrids and fully electric vehicles outsold Volkswagen-branded cars in the first three months of the year in China
The world’s auto executives will be in Shanghai this week for the city’s auto show with Chinese car firms now enjoying unprecedented dominance
Sixteen automakers including overseas giants such as Tesla and VW recorded monthly deliveries of more 10,000 in China last month
He said that without the Chinese market - which accounted for 3.3 million VW sales last year, including its electric ID.4 model - inflation would explode
Global carmakers are falling behind Chinese electric car companies in the world's biggest car market, with no foreign brands among the top 10 carmakers in the China EV segment this year, except for Tesla in third place.
Volkswagen said it would likely double sales of its battery electric vehicles in China this year and aims to do even better but it could be hamstrung by a shortage of semiconductors.