Key facts
- Volkswagen's decades-long expansion was significantly driven by its China operations.
- The German automaker is now contending with intense competition from Chinese car manufacturers worldwide.
- Volkswagen plans to cut electric vehicle development costs by 50% by utilizing its 'Made in China' approach.
Volkswagen's strategic focus on China, which fueled its growth for many years, has now created a challenging competitive landscape. The company is facing significant pressure from Chinese automakers not only within China but also in markets around the world. To counter this, Volkswagen is looking to leverage its manufacturing capabilities in China, aiming to halve the development costs for its electric vehicles by adopting a 'Made in China' strategy for its EV production.