German car giant group Volkswagen is to start exporting electric vehicles produced in China to Europe in two years time, auto news website Carscoops reported.
VW revealed that its Cupra brand will start building the Tavascan at its joint venture factory in Anhui, China, which it operates alongside JAC, from 2024. The move will see VW join the likes of Tesla, BMW, and Renault in selling Chinese-built EVs in Europe.
Read the full story: Carscoops
Read more:
VW to Take 60% Stake in JV With China’s Horizon Robotics
Tesla, GM, VW Recover 20% Capacity in Shanghai After Restart
VW Expects Semiconductor Shortage to Last Until 2024
A US District Judge said the former billionaire wunderkid was responsible for one of the…
Banks have been reluctant to deepen their exposure to the ailing real estate sector but…
US intelligence officials say Chinese pharma companies are risking national security at a time when…
BYD has set back plans for an EV factory in Vietnam, while CATL has said…
US Treasury Secretary Janet Yellen has accused China of ‘distorting prices’ with its increased green…
Japan’s plunging currency and the threat of BoJ intervention sent Tokyo’s soaraway benchmark downwards